India Post Office Savings Calculator
Pick a Post Office scheme, type how much you want to put in, and see your monthly or quarterly income, the maturity amount, tax, and how every scheme compares.
Rate for October–December 2026. Set every quarter by the government.
Uses the same rate for the extra 3 years; the real one is the rate on the day it matures.
Every Post Office scheme for the same amount
| Scheme | Rate | How it pays | Interest in 5 years | After tax | 80C |
|---|
5 years for every scheme (KVP: what it has built up by 5 years; it doubles later). Interest paid out is not reinvested. Schemes with monthly or yearly deposits have their own calculators:
- Recurring Deposit (5 years) · 6.7% · monthly deposits, quarterly compounding
- Public Provident Fund (15 years) · 7.1% · yearly deposits, tax-free
- Sukanya Samriddhi (21 years) · 8.2% · for a girl under 10, tax-free
Year-by-year table
| Year | Interest | Paid to you | TDS | Balance |
|---|
How your Post Office interest is worked out
One deposit, a rate fixed for the whole term, and interest paid out or added up.
- 1
You put in
MIS at 7.4%
for 5 years
= ₹5,00,000 - 2
Each month
₹5,00,000 × 7.4%
÷ 12
= ₹3,083 - 3
Over the term
60 × ₹3,083.33
= ₹1,85,000 - 4
What you get
₹5,00,000 back
+ ₹1,85,000
= ₹6,85,000
Read more: the formula, worked examples, every scheme's rate and limit, and tax
Post Office savings schemes take one deposit and fix the interest rate for the whole term on the day you open the account, even though the government resets the rate for new accounts every quarter. Some schemes pay the interest out as you go (MIS every month, SCSS every quarter, Time Deposits every year), so your deposit stays the same and you get it back at the end. Others add the interest to the balance once a year and pay it all at the end (NSC and KVP).
The formula
MIS monthly income = deposit × rate ÷ 12
SCSS quarterly income = deposit × rate ÷ 4
Time Deposit yearly interest = deposit × ((1 + rate ÷ 4)4 − 1)
NSC maturity = deposit × (1 + rate)5
KVP maturity = deposit × 2, after ln 2 ÷ ln(1 + rate) years
everything you receive = deposit back + all interest paid
Write the rate as a decimal (7.4% = 0.074). Time Deposit interest is worked out every quarter but paid once a year, so each year's interest is the same.
Worked example
₹5,00,000 in a single Monthly Income Scheme account at 7.4%: ₹5,00,000 × 0.074 = ₹37,000 a year, and ₹37,000 ÷ 12 = ₹3,083.33 a month. Over 5 years that is 60 × ₹3,083.33 = ₹1,85,000 of interest. You get the ₹5,00,000 back at the end, so you receive ₹6,85,000 in all.
The same ₹5,00,000 elsewhere: in SCSS at 8.2% it pays ₹5,00,000 × 0.082 ÷ 4 = ₹10,250 a quarter (₹2,05,000 over 5 years). In NSC at 7.7%, 1.0775 = 1.4490338, so it grows to ₹7,24,517 (₹2,24,517 interest). In a 5-year Time Deposit at 7.5%, 1.018754 = 1.0771359, so it pays ₹38,568 a year (₹1,92,840 over 5 years). In KVP at 7.5% it becomes ₹10,00,000 after 115 months.
Rates and limits, October–December 2026
| Scheme | Rate | Term | Deposit | Interest | Tax |
|---|---|---|---|---|---|
| Savings Account | 4% | Any | From ₹500 | Added yearly | Taxable; first ₹3,500 a year tax-free (₹7,000 joint) |
| Time Deposit, 1 year | 6.9% | 1 year | From ₹1,000, no limit | Worked out quarterly, paid yearly | Taxable |
| Time Deposit, 2 years | 7% | 2 years | From ₹1,000, no limit | Worked out quarterly, paid yearly | Taxable |
| Time Deposit, 3 years | 7.1% | 3 years | From ₹1,000, no limit | Worked out quarterly, paid yearly | Taxable |
| Time Deposit, 5 years | 7.5% | 5 years | From ₹1,000, no limit | Worked out quarterly, paid yearly | Taxable; deposit counts for 80C |
| Monthly Income Scheme | 7.4% | 5 years | ₹1,000 to ₹9,00,000 single, ₹15,00,000 joint | Paid monthly | Taxable |
| Senior Citizens' Savings Scheme | 8.2% | 5 years, + 3 years | ₹1,000 to ₹30,00,000 | Paid quarterly | Taxable; deposit counts for 80C |
| National Savings Certificate | 7.7% | 5 years | From ₹1,000, no limit | Compounded yearly, paid at the end | Taxable; deposit and reinvested interest count for 80C |
| Kisan Vikas Patra | 7.5% | 115 months | From ₹1,000, no limit | Doubles at maturity | Taxable |
| Recurring Deposit (5 years) | 6.7% | monthly deposits, quarterly compounding: see its own calculator | |||
| Public Provident Fund (15 years) | 7.1% | yearly deposits, tax-free: see its own calculator | |||
| Sukanya Samriddhi (21 years) | 8.2% | for a girl under 10, tax-free: see its own calculator | |||
Closing early
- MIS: not in the first year; 2% of the deposit is kept back if you close in years 1 to 3, and 1% after 3 years.
- SCSS: in the first year, all interest paid to you is taken back; 1.5% of the deposit is kept back in year 2, and 1% after that.
- Time Deposit: not in the first 6 months; between 6 months and a year you get the savings account rate; after a year, interest for full years at 2% less than the TD rate.
- NSC: cannot be cashed early, except on the holder's death or a court order.
- KVP: can be cashed after 2 years and 6 months, at India Post's fixed table values.
Tax and TDS
Interest from these schemes is added to your income and taxed at your slab, plus 4% cess. The post office deducts TDS at 10% (20% without PAN) on SCSS and Time Deposit interest above ₹50,000 a year, or ₹1,00,000 if you are 60 or over; you can give Form 15G or 15H if your total income is below the taxable limit. Under the old regime, SCSS, NSC and the 5-year Time Deposit count towards the ₹1,50,000 Section 80C deduction. NSC interest is not paid out until the end, but you can show it each year; the interest of years 1 to 4 counts as reinvested, so it qualifies for 80C too.
Mahila Samman Savings Certificate is not included: it took new deposits only until 31 March 2025.
Rates shown are for October–December 2026. Your rate is fixed for the whole term on the day you open the account. Rates, limits, penalties and tax rules come from India Post and the Department of Economic Affairs. Rates checked on 11 October 2026.
Common questions
How much monthly income will I get from ₹9 lakh in Post Office MIS?
At 7.4% a year, ₹9,00,000 in a single MIS account pays ₹5,550 every month for 5 years, or ₹3,33,000 in all, and you get the ₹9,00,000 back at the end. A joint account can hold up to ₹15,00,000, which pays ₹9,250 a month. The interest is taxable at your slab.
How much quarterly interest does SCSS pay on ₹30 lakh?
At 8.2% a year, the full ₹30,00,000 in the Senior Citizens' Savings Scheme pays ₹61,500 every quarter, which is ₹2,46,000 a year. Because that is over the ₹1,00,000 TDS limit for seniors, the post office deducts 10% TDS (₹24,600 a year) unless you give Form 15H, where it applies.
What is the maturity value of ₹1 lakh in NSC?
At 7.7% compounded yearly, ₹1,00,000 in NSC grows to about ₹1,44,903 after 5 years, so the interest is ₹44,903. The deposit counts for the ₹1,50,000 Section 80C deduction under the old regime, and the interest of the first four years counts as reinvested, so it qualifies too.
In how many months does Kisan Vikas Patra double money?
At 7.5% a year, compounded yearly, KVP doubles your money in 115 months, which is 9 years and 7 months. So ₹1,00,000 becomes ₹2,00,000. KVP gives no 80C deduction and the interest is taxable, but it can be cashed early after 2 years and 6 months.
Which Post Office scheme gives the highest interest?
For October–December 2026, SCSS and Sukanya Samriddhi pay the most at 8.2%, but SCSS is only for people 60 and over and SSY only for a girl under 10. For anyone, NSC pays 7.7%, the 5-year Time Deposit and KVP pay 7.5%, MIS pays 7.4% and PPF pays 7.1%.
Is Post Office interest taxable, and is TDS deducted?
Yes, interest from MIS, SCSS, NSC, KVP and Time Deposits is added to your income and taxed at your slab. Only PPF and Sukanya Samriddhi are tax-free. TDS is deducted on SCSS and Time Deposit interest above ₹50,000 a year (₹1,00,000 for seniors). Savings account interest is tax-free up to ₹3,500 a year.
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