Calculate interest earned on monthly income schemes with MIS calculator on a deposit of one time and getting payout on a monthly base. MIS (monthly income schemes) is for, you want to save money and get a fixed amount of money on a monthly basis, and also your principal amount will be saved.
*If you liked it then please provide feedback with your experience. And also if you find any glitch or give any suggestions, then also report with us. We will love to hear that both.
After opening the calculation page, Just follow those steps
To calculate monthly interest you only need two variable one is principal amount and the other one is mis interest rate. After that, Here is it how?
Monthly Interest = (P * R / 12) / 100;
Hold, you have to invest "10000" on a monthly income scheme with the interest rate of "7" percentage. Then your calculation will like,
Monthly Interest = (10000 * 7 / 12) / 100; = 58
MIS calculator comes with lots of features. In our tools, we implement all the possible features that can be implementable. Here are the features are