Navi Calculator Post Office Monthly Income Scheme Calculator
Investment Amount
Interest Rate
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Lock In Period
Years
Monthly Income
Post Office Monthly Income Scheme Returns Calculator helps you calculate the interest earned on your investment. The Post Office Monthly Income Scheme or POMIS is a Government-sponsored small savings scheme that offers monthly returns in the form of interest payouts. The scheme, offered by India Post, lets you earn an interest of 6.60% on your investments. The interest rate is determined every quarter by the government.
You can use Navi Post Office Monthly Income Scheme Calculator to check your monthly returns in a quick and efficient manner.
The POMIS calculator is an easy-to-use tool that you could use to calculate the interest earned on your investments. You can quickly compute the Monthly Interest using Navi Post Office Monthly Income Scheme Calculator.
Here’s what you would need to do:
You can select or enter the principal amount you plan to invest.
The next step would be to choose the investment tenure.
The interest rate was prevalent at the time when the account was opened.
It is quite simple to figure out the interest received from a post office monthly income scheme using the formula. The same formula is also incorporated into the Post Office Monthly Income Scheme calculator to arrive at the results.
The post office monthly income scheme (POMIS) monthly interest = Amount Invested * Annual Interest Rate/12
For instance, Mr. X invested ₹5 lakh in the POMIS scheme in April 2020. The ongoing rate of interest at the time is 6.6%. Hence, by using the formula we get the monthly interest as 5,00,000 * 6.6%/12 = ₹2,750. Therefore, over the period of 60 months, he will be able to earn 2,750*60 = ₹1,65,000.
Easy-to-use calculator with a clean interface for quick and easy navigation
Just select the details and get the results within a few seconds.
Understand your monthly returns and invest accordingly as per your goals
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Jan 1
Fixed deposits are popular saving instruments that allow you to earn interest for depositing an amount for a fixed period.
Jan 22
A fixed deposit (FD) is a type of savings scheme that provides higher interest rates compared to a bank savings account.
Feb 18
Tax-saver FDs are fixed deposits that offer tax deductions through Section 80C of the Income Tax Act.