What is compound interest?

Interest earns interest on prior periods’ balances, so growth accelerates compared with simple interest.

How often do banks compound savings?

Products differ—monthly, quarterly, or annual. Match the frequency in the calculator to your bank’s terms.

Rules depend on current law and your situation. Ask a tax adviser; use our PAYE tool only for salary orientation.

Calculate savings account growth with compound interest

Savings Amount

The amount you plan to deposit

Rs.

Annual Interest Rate

Typical savings account rates range from 5% – 12%

0.5 %25.0 %

Investment Duration

3 years

Years

yrs

0 yrs30 yrs

Additional Months

0 mo11 mo

Total at Maturity

Rs. 635,118.53

after 3 years

Total Interest

Rs. 135,118.53

Monthly Interest

Rs. 3,753.29

average

Annual Interest

Rs. 45,039.51

average

Growth Multiple

1.27×

21.3% interest

Breakdown

Principal: Rs. 500,000.00Interest: Rs. 135,118.53

Compounded monthly · interest reinvested

See how regular deposits and compound interest grow your balance over time. Compare scenarios with fixed deposits when you want a locked-in rate.

What is compound interest?: Interest earns interest on prior periods’ balances, so growth accelerates compared with simple interest.
How often do banks compound savings?: Products differ—monthly, quarterly, or annual. Match the frequency in the calculator to your bank’s terms.
Is interest taxable?: Rules depend on current law and your situation. Ask a tax adviser; use our PAYE tool only for salary orientation.