Simple is only on principal. Compound eats the last interest too. Open the article on this if the words still blur.

This set goes to monthly. Daily is close to monthly for most home use.

Roughly yes, with the bank's own frequency.

Can I do reducing loan interest here?

Use the EMI tool for loans. This one is growth on a deposit.

Tools / Compound

Compound Interest Calculator

Same 8 percent is not the same money if one person compounds yearly and another monthly. This is the clean formula box.

Result breakdown

Compound amount: ₹1,46,933
Compound interest: ₹46,933
If it was simple interest: ₹1,40,000
Extra from compounding: ₹6,933

This is an estimate, not an official figure.

How to use

Principal is the starting amount.
Rate is yearly nominal rate.
Pick compounding and years. Compare yearly vs monthly if you are curious.

One example

₹1,00,000 at 8% for 5 years yearly compound is about ₹1,46,933. Monthly compound is a bit more. That gap is the whole point of this tool.

Common mistakes

Mixing simple interest expectation with this result.
Putting monthly rate in a yearly box.
Forgetting extra deposits. This is lumpsum only.

FAQs

Simple vs compound?: Simple is only on principal. Compound eats the last interest too. Open the article on this if the words still blur.
Daily compounding?: This set goes to monthly. Daily is close to monthly for most home use.
Is FD using this?: Roughly yes, with the bank's own frequency.
Can I do reducing loan interest here?: Use the EMI tool for loans. This one is growth on a deposit.

Related tools

This is an estimate, not an official figure. CalcInHand is not a bank, Income Tax, GST or electricity board tool. Confirm important numbers on the official portal.