Interest Calculator
Calculate simple, compound, and recurring deposit interest with Indian financial context
Calculation Parameters
₹
%
₹
Compare Scenarios
Current Scenario
Principal:
₹1,00,000
Rate:
8.5%
Maturity:
₹1,42,500
Alternative Scenario
%
Maturity:
₹1,50,000
You gain:
₹7,500
Results
Maturity Amount
₹1,42,500
After 5 years
Interest Breakdown
Total Interest:
₹42,500
Principal Amount:
₹1,00,000
Annual Interest:
₹8,500
Effective Yield:
8.5%
Yearly Breakdown
| Year | Interest | Balance |
|---|
Investment Tips
Consider PPF for tax-free returns (current rate: 7.1%)
FD rates vary by bank (4-7% for general public)
RD is good for disciplined monthly savings
Investment Growth Visualization
Popular Indian Investment Options
Fixed Deposits
- • Interest: 4-7% p.a.
- • Tenure: 7 days – 10 years
- • TDS applicable
- • Safe & guaranteed returns
Recurring Deposits
- • Interest: 4-7% p.a.
- • Monthly deposits
- • Tenure: 6 months – 10 years
- • Good for salaried individuals
PPF (Public Provident Fund)
- • Interest: 7.1% p.a.
- • Tax-free returns
- • Tenure: 15 years
- • EEE tax benefit
Sukanya Samriddhi
- • Interest: 8.2% p.a.
- • For girl child
- • Tenure: 21 years
- • Tax benefits under 80C