Calculating the eye acquired from a postoffice month-to-month money scheme is very easy. Making use of the algorithm, one can without difficulty determine the eye income. Although not, the web Postoffice Month-to-month Money System calculator plus uses the brand new exact same formula to search for the efficiency.
Why don’t we understand why better that have an example. Mr. Kumar invested INR cuatro lakhs about post-office MIS program from inside the . The present interest having POMIS at that time his financial support are 6.60%. By using the above formula, the loans in Locust Fork pace try
And also the monthly focus that Mr. Kumar carry out score are INR 2,two hundred. The desire he’ll secure over sixty weeks months is actually INR step one,32,000.
With the Scripbox’s Post-office Month-to-month Money Program calculator, you can calculate the latest Monthly Interest in no time at all. Continue reading “Utilizing Scripbox’s Post office Month-to-month Money Program Calculator?”