# SIP Calculator » BOI Bank SIP Calculator Online Tool

August 17, 2023 by Sip Calculator
Monthly Investment
Percent %
years

Invested Amount:

Est. Returns:

Total Values:

The BOI Bank SIP Calculator is a simple online tool that can be used by investors to calculating future value of your monthly SIP investments. Bank Of India SIP calculator is a simple and easy-to-use tool that can be used by anyone.

This Sip Calculator tool is easy to use and this tool is absolutely free. ## What is a BOI Bank SIP Calculator?

The BOI Bank SIP Calculator is a simple online tool that can be used by investors to calculate the returns on their investments made through SIP. A SIP calculator is a simple and easy-to-use tool that can be used by anyone looking to invest in a mutual fund through the SIP route.

BOI SIP calculator is a useful tool for disciplined financial planning and regular investing. Try using it!

Bank Of India SIP calculator is a useful tool for investors who are using a systematic investment plan to grow their wealth.SIP or Systematic Investment Plan allows you to invest a fixed amount regularly each month or quarter into a mutual fund scheme.

### Benefits of using BOI SIP Calculator:

Here are some benefits of using BOI SIP Investment Calculator:

1. Simple Interface
2. The calculator is easy to use even for new investors with user-friendly interface and minimal data inputs required.

3. Ease of Use
4. Bank Of India SIP calculator is a simple and easy-to-use tool that can be used by anyone.

5. Estimates Future Value
6. The SIP calculator helps estimate the future value of investments. It projects the maturity amount based on inputs like SIP amount, tenure and expected returns.

7. Time-Saving

### How does the BOI SIP Calculator work?

The formula used by our BOI SIP Calculator is M = P × ({[1 + i]^n – 1} / i) × (1 + i).
M = is the amount you receive upon maturity..
P = is the amount you invest at regular intervals.
n = is the number of payments you have made.
i = is the periodic rate of interest.

Example:

You're making an investment of \$15,000 each month for a year at an interest rate of 12%.

The monthly rate of return would be 12%/12 = 1/100 = 0.01

Consequently, you will receive around \$1,92,140 in a year.

So based on the inputs, the BOI SIP Calculator projects a future value of \$1,92,140 at a 12% expected return on a \$15,000 monthly SIP for 1 years.

#### How To Use BOI Bank Sip Calculator.

Our Bank Of India Bank SIP calculator is very easy to use. Which I have explained below to use.

#Step 1. To calculate SIP, you have to visit our free BOI SIP calculator website Sip-Calculators.Com .

#Step 2. After coming to the website, you have to select your own currency. #Step 3. You have to select how much money you will invest every month. #Step 4. How much percent return will you get? have to select it. #Step 5. Select the years for which you will invest. #Step 6 In the next step, whatever return you will get in SIP, you will be told. If you liked this SIP calculator tool, then share it with your friends as well. And that too can calculate SIP returns without any hassle.

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