Post Office SIP Calculator

What is SIP?

SIP or Systematic Investment Plan, is a type of investment plan that allows you to invest a fixed amount of money at regular intervals, typically monthly or quarterly.

Post Office SIP Plan

The Post Office SIP Plan is a type of SIP that is offered by the Indian Post Office. The plan allows you to invest a fixed amount of money at regular intervals, typically monthly or quarterly, in a variety of investment options.

• Post Office Savings Account: This is a type of savings account that earns a fixed rate of interest.
• Post Office Time Deposit: This is a type of time deposit that earns a fixed rate of interest for a fixed period of time.
• Post Office Recurring Deposit: This is a type of recurring deposit that earns a fixed rate of interest for a fixed period of time.

Post Office SIP Calculator

The Post Office SIP Calculator is a tool that helps you calculate the returns on your Post Office SIP investment. The calculator takes into account a number of factors, including:

• Investment amount: The amount of money you invest in your Post Office SIP.
• Investment frequency: The frequency at which you invest in your Post Office SIP, typically monthly or quarterly.
• Investment tenure: The length of time you invest in your Post Office SIP.
• Interest rate: The rate of interest earned on your Post Office SIP investment.

How to Use the Post Office SIP Calculator

1. Enter your investment amount: Enter the amount of money you want to invest in your Post Office SIP.
2. Select your investment tenure: Select the length of time you want to invest in your Post Office SIP.
3. Enter the interest rate: Enter the rate of interest earned on your Post Office SIP investment.
4. Click calculate: The calculator will provide you with an estimate of the returns on your Post Office SIP investment.

Example

Let's consider an example to demonstrate how to use the Post Office SIP Calculator:

Suppose you want to invest ₹5000 per month in a Post Office SIP for 5 years, with an interest rate of 10% per annum.

• Monthly Investment amount: ₹5000
• Investment tenure: 5 years
• Interest rate: 10% per annum

The calculator will provide you with an estimate of the returns on your Post Office SIP investment, including the total amount invested i.e. ₹6,00,000, the estimated returns which is ₹1,79,646, and the maturity value i.e. ₹ 7,79,646.