Post Office Savings Calculator 2026: MIS, SCSS, NSC, KVP, TD

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Rates last checked on 9 October 2026. The Department of Economic Affairs office memorandum F.No.1/4/2019-NS dated 30 September 2026 keeps all small-savings rates for October to December 2026 unchanged; the rate table they carry forward is the one in the memorandum of 29 December 2023 (from 1 January 2024). Deposit limits, payment dates and closure rules are from the 2019 scheme rules (G.S.R. 915(E) to 920(E), 12 December 2019) as amended in 2023. The rate box is editable for older deposits.

Short answer

At the October to December 2026 rates, ₹5 lakh in the Monthly Income Scheme pays ₹3,083 a month at 7.4%. In the Senior Citizens Savings Scheme it pays ₹10,250 a quarter at 8.2%. A National Savings Certificate turns it into ₹7,24,517 after five years at 7.7%, Kisan Vikas Patra doubles it to ₹10 lakh in 115 months, and a 5-year Time Deposit pays ₹38,568 a year at 7.5%. The rate on the day you deposit stays fixed for the whole term.

How each scheme pays you

The five schemes differ less in the rate than in when the money reaches you. MIS pays interest every month and returns the deposit after five years. SCSS pays every quarter, on the first working day of April, July, October and January, and also returns the deposit after five years. A Time Deposit works the interest out each quarter but pays it once a year, which is why the 5-year rate of 7.5% comes to an effective 7.71%. NSC adds the interest every year and pays it all with the deposit at the end. KVP pays nothing until the deposit has doubled.

When each scheme pays you

MIS pays 60 times, SCSS 20 times and a 5-year TD 5 times. NSC pays once at five years and KVP once at 115 months.

That timing changes the totals. On ₹5 lakh, MIS pays ₹1,85,000 over five years and NSC ₹2,24,517, although the rates are only 0.3 points apart. NSC's interest earns interest; the MIS payments leave the account each month. The comparison table under the calculator shows every scheme for the amount you type, with a per-year average because KVP runs for 115 months and the Time Deposits for one to five years.

The first SCSS payment is usually smaller. It covers only the months from your deposit to the end of that quarter. Deposit in November and the 1 January payment covers November and December; the leftover month is paid at maturity. The calculator counts from the 1st of the deposit month, so a deposit late in the month gets a few rupees less in the first payment.

The rate is locked on the day you deposit

For these five schemes, the rate printed on your passbook or certificate on the day of deposit holds until maturity, even if the government cuts or raises rates the next quarter. PPF and Sukanya Samriddhi work differently: each quarter's new rate applies to the whole balance.

Rates are reviewed every quarter. The Department of Economic Affairs kept them unchanged for October to December 2026 in its memorandum of 30 September 2026, and the table it carries forward took effect on 1 January 2024. If you are working out an older deposit, change the rate box to the rate on your passbook.

Limits, early closure and who can open

MIS takes ₹1,000 to ₹9 lakh in single accounts and up to ₹15 lakh in a joint account, in multiples of ₹1,000, counting all your MIS accounts together. SCSS takes ₹1,000 to ₹30 lakh, also in multiples of ₹1,000. NSC, KVP and Time Deposits start at ₹1,000 in multiples of ₹100 and have no upper limit.

SCSS is for people aged 60 and above. The rules also let some people open it earlier: retired civilians from 55 and retired defence personnel from 50, if they invest within a month of getting their retirement benefits. An SCSS account can be extended by three years at maturity.

Early closure costs money. MIS can't be closed in the first year; between one and three years, 2% of the deposit is deducted, and after three years 1%. SCSS closed within a year loses the interest already paid; between one and two years, 1.5% of the deposit is deducted, and after that 1%. KVP can be cashed from 2 years 6 months at the official encashment values. NSC can be closed early only on the holder's death, on forfeiture by a pledgee or on a court order. A Time Deposit can't be closed in the first six months.

Tax

Interest from all five schemes is taxable at your slab rate, and this calculator shows it before tax (the income tax calculator works out the slab arithmetic). Under the old regime, deposits in NSC, SCSS and the 5-year Time Deposit count towards the ₹1,50,000 limit of section 123 of the Income-tax Act, 2025 (the old section 80C). The new regime, which is the default, allows no such deduction. This page does the arithmetic and doesn't suggest a scheme or a regime. Numbers only, not advice.

Worked examples

₹9 lakh in MIS, single and joint

Meera deposits ₹9,00,000, the single-account limit, in October 2026. At 7.4% that is ₹66,600 a year, paid as ₹5,550 every month from November 2026 to October 2031: 60 payments, ₹3,33,000 in all. Her ₹9 lakh comes back in October 2031.

With her husband as joint holder, they could put in ₹15,00,000 instead. The monthly payment rises to ₹9,250, and the five-year total to ₹5,55,000.

₹30 lakh in SCSS, deposited in November

Arun, 61, deposits ₹30,00,000 in November 2026. A full quarter at 8.2% pays ₹61,500. His first payment, on 1 January 2027, covers only November and December: ₹41,000. Then ₹61,500 arrives every April, July, October and January.

The account matures in November 2031. The last payment covers October 2031 alone, ₹20,500, and comes back with his deposit. Over five years he receives ₹12,30,000 in interest across 21 payments.

Tips and tricks

Check the first SCSS payment before you plan around it. It covers only the months to the quarter end, so a deposit in the last month of a quarter brings a first payment of one month's interest.
MIS interest that you don't withdraw earns nothing extra. Link the account to a post office savings account or an RD so each payment goes somewhere that earns interest.
Compare per year, not in total. KVP's ₹1 lakh of interest on ₹1 lakh looks large but takes 115 months; the table's per-year column puts every scheme on the same footing.
Write the rate and the maturity month in your diary on the day you deposit. The rate stays fixed, so that line is all you need to check each payment.
The SCSS and MIS limits count all your accounts together. A second account at another post office doesn't raise the limit.
A 5-year TD is quoted at 7.5%, but the interest is worked out quarterly, so a year's payment comes to 7.71% of the deposit. Use that figure when you check the passbook entry.

How we would use it

Questions people ask

How much monthly income will I get from ₹5 lakh in the post office MIS?

₹3,083 a month at 7.4%, for 60 months, and then your ₹5 lakh back. ₹9 lakh, the single-account limit, gives ₹5,550 a month, and ₹15 lakh in a joint account gives ₹9,250.

What is the SCSS interest for ₹30 lakh?

₹61,500 a quarter at 8.2%, or ₹2,46,000 a year. The first payment is smaller if you deposit after the first month of a quarter, because it covers only the months to the quarter end.

How much will ₹1 lakh in NSC give after 5 years?

₹1,44,903 at 7.7% compounded yearly: ₹44,903 of interest, paid with the deposit at maturity.

In how many months does KVP double?

115 months (9 years 7 months) at the current 7.5%. ₹1 lakh deposited in October 2026 becomes ₹2 lakh in May 2036.

What are the post office interest rates for October to December 2026?

Unchanged from the previous quarter: MIS 7.4%, SCSS 8.2%, NSC 7.7%, KVP 7.5%, Time Deposits 6.9% (1 year), 7.0% (2 years), 7.1% (3 years) and 7.5% (5 years). The Department of Economic Affairs confirmed this on 30 September 2026.

If the rate is cut next quarter, does my deposit earn less?

No. MIS, SCSS, NSC, KVP and Time Deposits keep the rate of the day you deposited until maturity. Only new deposits get the new rate.

Written by Bulan Sarkar, who checked the results by hand and against a second public calculator. Use it for planning; it isn't tax or investment advice.

Sources

Sukanya Samriddhi Calculator

Work out your Sukanya Samriddhi maturity at 8.2%, year by year, with her age, the exact maturity month and the 50% withdrawal at 18.