SBI Monthly Income Scheme Calculator
Result:
SBI MIS Calculator is tool that calculate Monthly income on amount invested in SBI monthly income Scheme. SBI Monthly Income Scheme Calculator tool is very easy to use and help to know the monthly income on invested amount.
Table of Contents
What is SBI MIS (Monthly Income Scheme) ?
State bank of India (SBI) offers various monthly schemes that provide monthly payout as interest like SBI FD or SBI annuity scheme.
The main purpose of these schemes is to get monthly interest as income.
SBI MIS is very helpful for those 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.
One can invest in this Scheme for 36/60/84 & 120 month. It can be withdraw before maturity, but penalty is chargable as Term deposit.
SBI Monthly Income Scheme offer interest rate upto 6.60% for General Public and 6.75% to 7.10% for Senior Citizen yearly.
What is SBI Monthly Income Scheme Calculator ?
Our SBI MIS Calculator is a web based tool that calculates 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 invests with SBI annuity scheme or FD.
We have also made SBI Annuity Deposit Scheme Monthly Income Calculator Excel Sheet that calculates income in excel sheets 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 :-
Suppose 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.
Also Read : SWP vs. FD in 2026: Why the New Income Tax Act 2025 Changes Your Monthly Income
May 2026 Interest Rates & Payouts
For May 2026, the State Bank of India (SBI) continues to offer its Monthly Income payout option as a stable regular income stream for investors.
While SBI does not have a standalone product named “MIS” like the Post Office, you can receive monthly interest payouts by choosing the Monthly Payout option on any standard Fixed Deposit (FD).
Currently, SBI offers interest rates ranging from 3.05% to 6.45% p.a. for the general public and 3.55% to 7.05% p.a. for senior citizens.
For those looking to maximize their monthly income, the special Amrit Vrishti (444 Days) scheme is a top choice, providing an attractive 6.45% for general investors, 6.95% for senior citizens, and 7.05% for super senior citizens
Tax on SBI MIS (Important)
Interest earned from SBI Fixed Deposit is fully taxable.
- It is added to your total income
- Tax is charged as per your income slab
- TDS may be deducted by the bank
This means your actual income will be lower if you fall under a higher tax bracket.
Benfits of SBI Monthly Income Scheme Calculator
- SBI Monthly Income Scheme Calculator helps in planning for monthly income calculation.
- Using this calculator you can set your expectation from your investment. This can be also use for how much capital will be required for getting desired monthly income.
- This calculator saves time by automatically calculating how much you’ll earn every month.
- SBI MIS Calculator helps in financial planning before investing in a monthly income scheme.
- You can compare returns for different deposit amounts and tenures in just a few clicks.
Visit SBI official website to know more about SBI Monthly Income Scheme.
Who Should Use SBI MIS?
SBI MIS (FD monthly payout) is suitable for:
- Retired individuals
- Conservative investors
- People who want fixed monthly income
- Investors avoiding stock market risk
If your priority is safety and stability, this option works well.
Limitations of SBI MIS
While SBI MIS provides stable income, it has some drawbacks:
- Returns may not beat inflation
- Interest is fully taxable
- No capital growth
This means it is better for income generation, not wealth creation.
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.
Is SBI MIS safe?
Yes, SBI FD is one of the safest options in India.
What is Minimum investment in SBI MIS?
You can Starts from ₹1,000.
Can I withdraw early?
Yes, but with penalty.
Also check
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.
Navnit Kumar (ARN-183463) is an AMFI-Registered MFD and financial expert with 8+ years of experience. Author of the Amazon bestsellers Anybody Can Trade and Anybody Can Trade Options , Navnit simplifies complex strategies like SWP & SIP to help investors achieve sustainable financial freedom.
