Compound Interest Calculator

  • Step 1

I want to invest

 ₹ |
Step 2

I want to invest for

Years
5 10 15 20 25 30
Step 3

I will stay invested for

Years
5 10 15 20 25 30
Step 4

I expect rate of return of (Annually)

%
0% 5% 10% 15% 20% 25% 30%

Compound Interest Calculator

Step 1

I want to invest

₹  | 
Step 2

I want to invest for

Step 3

I will stay invested for

Step 4

I expect rate of return of (Annually)

You Invest

10 Thousand

Over 10 years

You Get

40.88 Lakhs
After 26 years @ 8% p.a.

Funds List

Funds List

IN UNIT LINKED INSURANCE PLANS, THE INVESTMENTS RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Achieve your financial goals &
secure your family's future!
Pay 4,000 p.m. for 15 Years & get
Maturity Benefit
13.5 lakh @ 8% assumed rate of return
OR
10.8 lakh @ 4% assumed rate of return
Life Cover
15 lakh
Know More

How can a Compound Interest Calculator Help You?

A compound interest calculator can help you in the following ways:

The compound interest calculator is a fool-proof way to calculate your investment returns. It eliminates the scope of mathematical errors and offers you accurate results.
While your actual returns will likely vary as per the market's ups and downs, you can use the calculator to get an idea of what to expect.

It takes only a couple of minutes to use the compound interest calculator. You can enter your information, and the calculator will determine the results instantly. This saves you from wasting time on manual calculations.

The calculator can be used for a number of investment instruments. All you need to do is enter the investment amount, term of investment, and rate of return.

You can plan for a number of financial goals with the help of the compound interest calculator and avoid any discrepancies along the way.

The online calculator helps you ascertain how much you should invest and for how long to ensure you reach your desired goal within the preferred time frame.

Advantages of using Power of Compounding - Compound Interest Calculator

The compound interest calculator offers the following advantages:

Advantages of using Power of Compounding - Compound Interest Calculator

The compound interest calculator offers the following advantages:

Speed

You save a lot of time with the calculator otherwise spent on manual calculations or reaching out to an expert

Accuracy

The compound interest calculator gives precise and accurate results to ensure error-free financial planning

Reliability

The compound interest calculator is a reliable financial planning tool that can be used by all types of investors and investments

Frequently Asked Questions

The frequency of compounding may vary across banks. They usually calculate according to their own will. However, in practice, only a few methods of compounding are used:

  • Annual compounding: Interest is calculated once a year
  • Half-yearly compounding: Interest is calculated every six months
  • Quarterly compounding:Interest is calculated once every three months
  • Daily compounding:Interest is calculated every day

Compounding interest means interest on interest. Each time you earn interest on your principal, it is added to the original amount, which then becomes the principal for the next cycle. This allows exponential growth for your interest. Compounding interest can be good or bad depending on whether you are a saver or a borrower, respectively.

Although the difference won't be much, it is better to opt for daily compounding. The interest amount in case of daily compounding will be slightly higher than the other options. This is governed by the principle: the shorter the compounding interval, the higher the interest.

The power of compounding works by growing your wealth exponentially. It adds the profit earned back to the principal amount and then reinvests the entire sum to accelerate the profit earning process. Suppose, you invest ₹ 1000 in a bank which offers 10% interest per annum. Your investment becomes ₹ 1100 after the first year, then ₹ 1210 after 2nd year and so on.

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