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Post Office Schemes Calculator

Calculate returns for MIS, NSC and KVP — India Post government-backed savings schemes

tuneSelect Scheme & Amount
MIS — Monthly Income Scheme
7.4% p.a. | 5-year tenure | Monthly payout | Max ₹9L single / ₹15L joint
Deposit Amount
₹
≈ 5 Lakh
Account Type
Monthly Income (MIS)
₹—
—
Total Interest (5 Yrs)
₹—
Government guaranteed
Scheme Comparison — Same Investment
Scheme Rate Tenure Payout/Maturity Gain

functions Scheme Highlights

MIS: Monthly payout, interest not reinvested, 5yr

NSC: 80C eligible, compounded annually, 5yr

KVP: Doubles in ~9.6 years, transferable

All backed by Govt. of India — zero default risk

Post Office Savings — Safe Returns from India Post

India Post offers several government-backed savings schemes with guaranteed returns. MIS, NSC, KVP, SCSS, PPF, and SSY are among the safest instruments available — backed by the Government of India with zero default risk.

Rates are revised quarterly by the Ministry of Finance. NSC investments qualify for Section 80C deduction. MIS provides regular monthly income ideal for retirees. KVP doubles your money in ~9.6 years with no 80C benefit but is freely transferable.

lightbulb Example Calculation
Scenario: ₹4.5 Lakh in NSC at 7.7% for 5 years
1Maturity = 4,50,000 × (1.077)^5 = ₹6,52,185
2Total Interest = ₹2,02,185 over 5 years
3Accrued interest in years 1–4 also qualifies for 80C
✓ ₹4.5L grows to ₹6.52L in 5 years with 80C deduction benefit
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Frequently Asked Questions

MIS, NSC and KVP explained for Indian investors

Which is better for monthly income — Post Office MIS or bank FD?
Post Office MIS at 7.4% p.a. provides sovereign-guaranteed monthly payouts. Bank FDs offering monthly payout typically yield 6.5–7.5% depending on the bank. MIS advantage: government guarantee and no TDS if total Post Office interest is below ₹40,000/year (₹50,000 for seniors). Small Finance Banks may offer higher FD rates (up to 9%), but without government backing.
Can I claim Section 80C deduction on Post Office schemes?
Yes, but only for NSC. The investment amount qualifies under 80C (up to ₹1.5L cumulative limit). NSC interest accrued each year (compounded to maturity) is treated as reinvested — this also qualifies as 80C deduction for years 1–4. In year 5, the accrued interest is taxable. MIS and KVP do not qualify for 80C deduction.
What is the key difference between KVP and NSC?
NSC: 5-year fixed tenure, 80C eligible, cannot be transferred between individuals. KVP: ~9.6-year tenure (doubles investment), no 80C benefit, certificates can be transferred and pledged as loan collateral. NSC suits tax-savers; KVP suits those prioritising maximum growth without tax constraints and wanting marketability.

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