Use this Savings Account Interest Calculator to easily calculate the interest and total amount for your savings account.
Savings Account Interest Calculator
Estimate interest on a constant savings balance using the daily-balance method.
Assumes the balance remains unchanged throughout the selected period.
Estimated Interest Earned₹0
Starting Balance₹0
Estimated Total₹0
Annual Rate0%
Period0
Calculation: Daily-balance interest = balance × annual rate ÷ 365 × number of days. For months, this calculator uses 365/12 days per month; for years, 365 days per year. Actual bank interest can differ because banks may use account-specific rate slabs, day-count/leap-year treatment and interest-crediting rules.
Period-wise Interest & Balance
| Period | Interest Earned | Total Balance |
|---|
The table assumes the original balance stays constant. It does not model deposits, withdrawals or interest being added to the balance.
RBI requires interest on domestic savings deposits to be calculated on a daily product basis. RBI reference.