Calculating the attention made of a post-office month-to-month money design is very easy. Utilising the algorithm, it’s possible to with ease estimate the interest money. However, the web Postoffice Month-to-month Income Scheme calculator and additionally uses this new same formula to determine the show.
Why don’t we appreciate this most useful that have a good example. Mr. Kumar invested INR cuatro lakhs on the post-office MIS system during the . The existing interest rate for POMIS at that time their funding is 6.60%. By using the a lot more than algorithm, the interest rate are
And also the monthly attract you to definitely Mr. Kumar create get try INR 2,two hundred. The full interest he’ll earn more than sixty months several months are INR 1,thirty two,one hundred thousand.
Making use of the Scripbox’s Postoffice Month-to-month Earnings Strategy calculator, one can possibly calculate the fresh new Monthly Interest in no time at all. Brand new post office month-to-month income scheme MIS interest calculator means the consumer so you’re able to type in the second information:
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