SBI MIS Calculator is tool that calculate Monthly income on amount invested in SBI monthly income Scheme. This tool is very easy to use and help to know the monthly income on invested amount.
SBI Monthly Income Scheme (MIS) Calculator
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What is SBI MIS (Monthly Income Scheme) ?
State bank offers varius monthly scheme that provide monthly pay out as interest like SBI FD or SBI annuaity scheme.
The main purpose of these scheme is to get monthly interest as income.
SBI MIS is very helpful who are looking for risk free income as it is ideal for old people to earn monthly basis.
The SBI MIS can be opened jointly or individually, and the interest is directly credited to your savings account every month.
What is SBI MIS Calculator ?
Our SBI MIS Calculator is web based tool that calculate monthly income by just providing only Amount, Interest rate and tenures.
This free tool to use and know how much amount one can get if he/she invest with SBI annuaity scheme or FD.
We have also made SBI Annuity Deposit Scheme Monthly Income Calculator Excel Sheet that calculate income in excel sheet and can be use offline.
How to use SBI Monthly Income Scheme Calculator ?
To use this SBI MIS Calculator you need to following steps;-
- Enter Deposit Amount
- Enter Annual Interest rate
- Put Tenures in Years
The calculator will show you:
- Estimated monthly income – the interest you’ll receive every month.
- Maturity amount – the total amount you’ll get after the tenure ends.
Example :-
pose you invest ₹10,00,000 in the SBI Monthly Income Scheme (MIS) for a period of 5 years at an annual interest rate of 7.4%.
In this case, your total annual interest would be ₹74,000, which means you would earn around ₹6,166 every month as fixed income.
Over the 5-year tenure, you would receive a total of ₹3,70,000 in interest, and at the end of the term, your original deposit of ₹10,00,000 would be returned to you.
Benfits of SBI Monthly Income Scheme Calculator
- SBI Monthly Income Scheme Calculator help in planning for montlhy income caluclation.
- Using this calaculate you can set your expection from your investment. This can be also use to how much capital will require for geting desire monthly income.
- This cacluator saves time by automatically calculating how much you’ll earn every month.
- SBI MIS Calculator helps in financial planning before investing in monthly income scheme.
- you can Compare returns for different deposit amounts and tenures in just few clicks.
Visit SBI official website to know more about SBI Monthly Income Scheme
FAQs For SBI Monthly Income Scheme
Is SBI MIS Calculator free to use ?
Yes, This SBI MIS Calculator is free to use and calculate monthly income.
Can SBI MIS Calculator be use offline ?
No, You need internet connection to use this calculater as it is web based tool.
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Disclaimer
The SBI MIS Calculator is provided for informational and educational purposes only. The results shown are approximate and based on the values entered by the user. Actual interest rates, monthly income, and maturity amounts may vary as per the latest rates and terms set by the State Bank of India. Please verify all details with your nearest SBI branch or official SBI website before making any financial decisions. This calculator does not guarantee accuracy or financial returns.
