What is the effective annual rate?

The yearly rate you actually earn once compounding is included. 7% compounded quarterly is an effective 7.186% a year.

How accurate is the result?

It is a mathematical illustration based on the numbers you enter. Real products add fees, taxes, rounding rules and changing rates, so use it for planning and confirm with your bank, adviser or accountant.

Can I use a currency other than rupees?

Yes. Choose a currency to change the symbol and digit grouping. Amounts are not converted between currencies.

Compound Interest Calculator - Free Online Tool

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Calculate compound interest with any compounding frequency and regular deposits.