Find out how much interest you will from your Savings Account, Fixed Deposits, PPFs, NSC, Postal Savings . Use the ‘INTEREST CALCULATOR‘ to find the absolute interest amount.
- Select Interest type = ‘Simple’ (if you will receive interest at end of each year as in fixed mutual funds) .You will get interest amount alone.
- Select Interest Type= ‘Compound’ (if its growth option ie., interest earned every year will be reinvested into next year). You will get final total amount.
- If your interest compounds half yearly, then Number of Compounding = 2 ;if it compounds quarterly, then Number of Compounding = 4
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