SBI MIS Calculator (for Annuity Deposit Scheme)

Our SBI Monthly Income Scheme Calculator is designed to give you a clear estimate for the Annuity Deposit Scheme. Whether you're a general investor or looking for the SBI MIS calculator for senior citizens, simply enter your investment amount to see a detailed breakdown of your potential monthly earnings.

Last Updated: July 19, 2025

How Monthly Payout is Calculated

The calculation is similar to a loan EMI. The bank treats your deposit as a loan to them, which they repay in monthly installments (annuity). The formula used is:

$$ A = P \times r \times \frac{(1+r)^n}{(1+r)^n - 1} $$

Here’s a breakdown of each component in this formula:

  • A: Monthly Annuity Payout – The fixed amount you receive each month.
  • P: Principal – The initial lump-sum amount you deposit.
  • r: Monthly Interest Rate – This is the annual interest rate divided by 12, then divided by 100 to get it in decimal form (i.e., Annual Rate / 12 / 100).
  • n: Number of Months – The total tenure of your investment in months (e.g., 5 years is 60 months).

Frequently Asked Questions

Is this an SBI Fixed Deposit monthly Income Scheme Calculator?
No, this is a common point of confusion. This is not a calculator for a standard FD-based MIS where the principal remains untouched. In the Annuity Deposit Scheme, the monthly payout is a mix of principal and interest, designed to return your entire investment over the chosen tenure.
How does this SBI MIS calculator for senior citizens work?
Our calculator is fully equipped for senior citizens. Simply select that option, and the tool will automatically apply the higher interest rate offered by SBI (typically 0.50% to 1.00% extra), giving you an accurate estimate of your monthly income. It's the ideal tool for planning your finances with this scheme.
Can I download this calculation as an SBI MIS calculator excel file?
While there isn't a direct "Download to Excel" button, the results are presented in a clear, simple table. You can easily highlight the calculated values and copy-paste them directly into your own Excel or Google Sheets file for tracking.
What is the difference between this and a Post Office MIS?
In the SBI Annuity scheme, your monthly payout includes principal + interest, so your balance is zero at the end. In a Post Office MIS, you only get interest monthly, and your full principal is returned at the end of the tenure.
What is the minimum and maximum deposit amount?
The minimum deposit is based on a monthly annuity of ₹1,000 (usually around ₹25,000). There is no maximum deposit limit.
Is premature withdrawal allowed?
Yes, for deposits up to ₹15 lakh, a penalty may apply. For deposits above ₹15 lakh, premature withdrawal is not allowed, except in the case of the depositor's death.