Is POMIS better than a Bank Fixed Deposit?

It depends on the current bank rates. Currently, POMIS offers 7.4%, which beats many public sector banks. However, some small finance banks offer higher rates.

Is TDS deducted on POMIS and Bank FDs?

TDS is not deducted on POMIS interest, but it is taxable. For Bank FDs, TDS is deducted at 10% if interest exceeds ₹40,000 in a year (₹50,000 for senior citizens).

POMIS vs Bank FD Comparison Calculator

The POMIS vs Bank FD Calculator compares returns of holding a Post Office MIS versus a standard Bank FD. This tool helps you choose the best fixed-income option for your monthly cash flow needs.

Compare your monthly payouts and total interest earned between the Post Office Monthly Income Scheme (POMIS) and a standard Bank Fixed Deposit.

Post Office MIS Calculator

Last Updated: May 19, 2026

Investment Details

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Why Compare POMIS vs Bank FD?

Understand Limit Constraints

Compare Interest Rates

Evaluate Premature Penalty

Sovereign vs. Insured Safety

How to Use the POMIS vs Bank FD Calculator

Methodology & Calculation Formulas

POMIS Monthly Payout = (Capped Investment Amount × POMIS Rate) / 1200

Bank FD Monthly Payout = (Total Investment Amount × FD Rate) / 1200