Utilize our Post Office Monthly Income Scheme (POMIS) Calculator to quickly estimate your potential monthly payouts and total returns over 5 years. Understand how this popular, government-backed savings scheme works and plan your finances with ease. Get accurate results for your POMIS investment decisions.
Formula:
Monthly Income = (P × R) / 12
Total Interest (5 Years) = Monthly Income × 60
Maturity Value = P + Total Interest (5 Years)
Where:
P = Principal Amount (Investment)
R = Annual Interest Rate (as a decimal, e.g., 7.4% = 0.074)