Monthly Interest Calculator
Monthly income schemes (like POMIS or bank bonds) provide steady interest payouts — ideal for retirees or conservative investors. This tool helps you calculate how much monthly income you can expect based on your principal and rate, without any compounding surprises.
Monthly Interest:₹0
Total Interest:₹0
Total Maturity Value:₹0
📈 Cumulative Interest Over Time
🍩 Principal vs Interest
📊 Monthly Interest (Bar Chart)
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Learn More📅 Month-wise Breakdown
| Month | Interest (₹) | Principal (₹) |
|---|
The Monthly Income Scheme (MIS) is a government-backed savings option that provides a steady monthly interest payout. It’s designed for conservative investors, especially retirees, who seek predictable income.
You invest a lump sum for a fixed tenure—typically 5 years—and receive a fixed monthly interest based on the annual rate. The principal is returned at maturity. This is not compounded — interest is paid out regularly.
This calculator helps you estimate monthly income and total return from your MIS or similar fixed-income product.
MIS offers safety, low volatility, and predictable returns — ideal for supplementing pensions or FD interest.
📘 How is Monthly Interest Calculated?
The formula used is:Monthly Interest = (P × R) / 12 / 100
- P = Principal amount
- R = Annual Interest Rate (%)
This helps estimate fixed monthly income from interest-bearing investments like MIS, bonds, or deposits.
💡 Tips for Using This Calculator
- Use this calculator for MIS, monthly income bonds, or interest-only loans.
- Remember: Interest is not compounded monthly in most MIS plans.
- Try changing the interest rate to compare public vs private options.
- Use this to evaluate secondary income or retirement payouts.