The Post Office SIP Return Calculator is an essential tool for calculating your Post Office SIP investments. It provides a rough estimate of future value, estimated returns, and total investment while factoring in inflation. The primary purpose of this SIP calculator is to help you calculate various types of investments in the Post Office.
What is SIP in the Post Office?
SIP (Systematic Investment Plan) is a process of consistent investment in any company’s funds or schemes by investors. That is managed by Certified professional fund managers.
You can start with the lowest amount to invest in the Post Office Monthly Income Scheme (PO-MIS) through SIP. That helps to gain a higher return over the long term. that gives you an annual average return of 7.5%.
How to Work Post-Office SIP Calculator?
This post office SIP calculator tool works on compound interest math formulas.
This is a simplified way (formula) to calculator your post office sip investment
- Monthly Investment Amount (P): This is your monthly investment amount.
- Interest Rate (R): The average interest rate the Post Office offers for POMIS.
- Period (N): The duration of your investment.
This formula calculates your total maturity and future value amount of investment.
Benefits of Post Office SIP Calculator
There are several benefits of a post office SIP calculator.
- It provides an accurate calculation of your investment based on investment time, invested amount, and expected rate of return.
- It helps the investor to project their financial goal by analyzing future maturity value over the period.
- This tool helps investors to save time and provides the actual data within no time.
- It provides financial awareness by providing future estimated value.
- Enables the investors to compare different post office schemes to determine whichever scheme suits best for your goal achievement.
- It allows the investors to monitor their investment portfolio too. make necessary adjustments.
- It helps investors enhance their confidence by providing clear insights into their investment return to plan future investments.
How to use Post-Office SIP Calculator
This SIP Calculator tool is easy to use for calculating the investment returns of any post office scheme investment and other investments.
Follow these easy steps and calculate your Post-office MIS investment.
- First of all, type your investment amount.
- Select your investment duration.
- Choose Your estimated annual returns.
- Adjust Inflation as you want.
- Now you will have your entire investment history with inflation that will help you make more effective investments to gain higher returns.
In the Last Word
Overall, this calculator helps to make a healthy investment strategy for the long term and it also helps to gain higher returns on your investment. I have developed this tool for every type of investors that calculate their investment and future value with inflation and more.
Frequently Asked Questions
What is the interest rate of the SIP post office?
The minimum interest rate in the post office on RD is 7% and on MIS’s 7.4% p.a.
What is the monthly interest of 1 lakh in the post office?
The post office’s interest rate is 7.4% annually. and if you want to get monthly returns, then you can receive 0.62% monthly which means you will get ₹620/month on 1lakh.
Can I open an SIP in the post office?
Sure, You can start investing in the post office in any funds or scheme through the SIP. Sip is not any fund or scheme it’s the only method of consistent (regular) investment with a small fund.
Which is the best option post office RD or SIP?
If say in brief, Your total investment (capital amount) keeps 100% safe in the post office RD but returns are low MAXIMUM 7.5%. which means no risk. If you start an investment in the mutual fund through the SIP there are risks but you will get higher returns rather than post office RD.
Can I invest 20 lakhs in the post office?
Sure, You can invest for any future goal without any foundation, but keep in mind in some cases, the Post office can also ask for details of your money.