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High-yield savings, CDs, fixed deposits, and sovereign savings vehicles.
Calculate maturity amount and quarterly compound interest on Bank Fixed Deposits.
Calculate maturity proceeds and interest on monthly Recurring Deposits.
Calculate 100% tax-free maturity amount and yearly interest on your 15-year PPF account.
Calculate your accumulated EPF retirement corpus based on basic salary, employer matching, and 8.25% interest.
Calculate total retirement corpus, 60% tax-free lumpsum payout, and monthly lifelong pension.
Calculate tax-free wealth compounding under the UK's £20,000 annual ISA allowance and compare tax saved vs unwrapped accounts.
Model tax-free compounding under Canada's $7,000 annual TFSA limit and lifetime tax savings vs non-registered accounts.
In India, banks compound Fixed Deposit (FD) interest on a quarterly basis (every 3 months) following official RBI circulars using the formula: A = P × (1 + r/400)^(4 × t).
PPF yields 7.10% per annum compound interest. It enjoys sovereign-guaranteed EEE (Exempt-Exempt-Exempt) tax status, meaning contributions (up to ₹1.5L), annual interest, and final maturity are 100% tax-free.
Yes. Indian scheduled banks provide an additional statutory interest premium of +0.50% (and up to +0.75% under special senior citizen schemes) above standard card rates for residents aged 60 and older.
For the recent financial year, the Central Board of Trustees of the EPFO declared an official interest rate of 8.25% per annum, credited annually to member accounts.