Compare Bank Interest Rates & Calculate EMIs Instantly
Make smart, data-driven financial decisions. Use our premium calculators to estimate your Loan EMIs, Fixed Deposit growth, Home Loan Balance Transfer savings with real-time bank interest rates, Recurring Deposits, Mutual Fund SIP Calculations and Sukanya Samriddhi Yojana (SSY) Scheme.
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💰 Loan EMI Calculator
Calculate your monthly loan payments and total interest payable
| Year | Principal Paid | Interest Paid | Total Paid | Balance Principal |
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🔒 Fixed Deposit Calculator
Calculate your maturity returns and wealth gained via fixed deposits
🏦 Home Loan Balance Transfer
Calculate your net savings by transferring your outstanding home loan to another bank with a lower rate
Current Loan Details
New Loan Offer
Tip: New bank processing fees are typically between 0.25% and 1% of the loan amount or a flat fee.
📅 Recurring Deposit Calculator
Calculate your RD maturity amount with quarterly compounding & real bank rates
| Period | Monthly Deposit | Total Invested | Interest Accrued | Running Maturity |
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📈 SIP Calculator
Calculate your future wealth accumulated via Systematic Investment Plans
| Year | Yearly Investment | Total Invested | Est. Returns Accrued | Accumulated Wealth |
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Sukanya
Samriddhi Yojana (SSY) Calculator
Calculate maturity returns, total interest earned & tax-free savings for girl child under SSY scheme
Key Scheme Highlights
| Year | Girl's Age | Opening Balance | Annual Contribution | Interest Earned | Closing Balance |
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Sukanya Samriddhi Yojana Calculation Formula
Sukanya Samriddhi Yojana returns are calculated using annual compound interest on deposits made for 15 years, with continued compounding for 6 post-deposit years until 21-year maturity.
Yearly SSY Interest Rates History (Govt Rates)
Current Rate: 8.2% P.A.SSY interest rates are declared quarterly by the Ministry of Finance, Govt of India, and credited annually on March 31st.
| Financial Year (Period) | Interest Rate (% P.A.) | Compounding Frequency | Tax Status |
|---|---|---|---|
| FY 2024-25 / FY 2025-26 | 8.20% Current | Compounded Annually | 100% Tax-Free (Sec 80C EEE) |
| FY 2023-24 (Q4) | 8.20% | Compounded Annually | 100% Tax-Free (Sec 80C EEE) |
| FY 2023-24 (Q1 - Q3) | 8.00% | Compounded Annually | 100% Tax-Free (Sec 80C EEE) |
| FY 2020-21 to FY 2022-23 | 7.60% | Compounded Annually | 100% Tax-Free (Sec 80C EEE) |
| FY 2019-20 (Q2 - Q4) | 8.40% | Compounded Annually | 100% Tax-Free (Sec 80C EEE) |
| FY 2018-19 (Q3 - Q4) | 8.50% | Compounded Annually | 100% Tax-Free (Sec 80C EEE) |
| FY 2016-17 | 8.60% | Compounded Annually | 100% Tax-Free (Sec 80C EEE) |
| FY 2015-16 | 9.20% (Highest Historical) | Compounded Annually | 100% Tax-Free (Sec 80C EEE) |
| FY 2014-15 | 9.10% (Scheme Launch) | Compounded Annually | 100% Tax-Free (Sec 80C EEE) |
Frequently Asked Questions & Financial Guides
How is Fixed Deposit (FD) interest calculated?
Fixed Deposit (FD) returns are calculated based on either simple interest or compound interest. For tenures below 6 months, banks typically calculate simple interest. For longer tenures, interest is compounded quarterly. The compound interest formula used is: A = P(1 + r/n)^(nt), where A is maturity amount, P is investment, r is annual rate, n is compounding frequency per year, and t is tenure in years.
What is a Loan EMI and how is it computed?
EMI stands for Equated Monthly Installment. It is a fixed payment made by a borrower to a lender at a specified date each calendar month. EMIs consist of both interest charges and principal repayment parts. The formula is: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P is Principal loan amount, R is monthly interest rate, and N is the number of monthly installments.
When should I transfer my Home Loan balance?
A Home Loan Balance Transfer is beneficial when another bank offers a lower interest rate, reducing your monthly EMI and overall interest burden. However, you should calculate net savings by subtracting processing fees, stamp duty, and administrative charges of the new bank. Generally, a transfer is highly beneficial during the early years of the loan tenure.
What is Sukanya Samriddhi Yojana (SSY) and how does interest compound?
Sukanya Samriddhi Yojana is a government-backed savings scheme for the financial security of a girl child. Deposits are made for 15 years from account opening, while interest compounds annually for 21 years until maturity. Returns qualify for EEE tax exemption under Section 80C.
How often do Sukanya Samriddhi Yojana (SSY) interest rates change?
SSY interest rates are reviewed quarterly by the Ministry of Finance, Govt of India. The current interest rate is 8.2% P.A. Interest is calculated on the lowest balance between the 5th and end of each month and credited annually on March 31st.
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