MIS Calculator

The MIS (Monthly Income Scheme) Calculator helps you determine the monthly interest payout you will earn on your principal amount based on the annual interest rate.

How to Calculate Monthly Income (MIS)

The Monthly Income Scheme (MIS) is a popular investment option where an individual invests a specific amount and earns a fixed interest every month. This is suitable for those looking for a steady source of income.

The MIS Formula

The calculation for the monthly payout is straightforward. It is based on the simple interest formula, divided by 12 months.

Monthly Payout = (P × R / 100) / 12

Where:

  • P is the Principal Amount (Investment)
  • R is the Annual Interest Rate in percent

Example Calculation

Let's calculate the monthly income for an investment of 2,00,000 at an interest rate of 7.4%.

  1. Calculate Annual Interest: 2,00,000 × (7.4 / 100) = 14,800.
  2. Divide by 12: 14,800 / 12 = 1,233.33.

So, the monthly payout is 1,233.33.

Benefits of using this calculator

Manually calculating interest for different amounts and rates can be time-consuming. This tool provides instant and accurate results to help you plan your investments better.