# MIS Calculator

## Interest On Monthly Income Calculator

Monthly Payout

Interest (%)

Monthly Payout

Maturity Amount

##### Reference This Calculator:

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.

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After opening the calculation page, Just follow those steps

1. The default values are already entered.
2. Change the value as per your need from the following fields "Investment Amount", and "Interest Rate".
3. The system will automatically calculate "Monthly Payout" amount.

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?
Hold,

 P Principal Amount R Interest Rate

Formula =
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,
Result =
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

• Simple Design, Easy to Use, and Free
• Automatic Calculation
• Monthly Interest - How much money you will get on a monthly basis.
• Formula with Example