Compound Interest Calculator - HDFC Bank

The HDFC Bank Compound Interest Calculator is a user-friendly tool that empowers you to visualize the growth of your investments over time. By accurately calculating the future value of your savings or investments, this calculator helps you make informed decisions about your financial future. Let's explore how this valuable tool can benefit you.

Read more
kapil-sharma
Bajaj allianz life insurance
loading...
ICICI Prudential Life Insurance Company
loading...
tata aia life insurance
loading...
Investment Plans
  • money
    Generate wealth Earn 1 Cr# in maturity with Zero LTCG tax
  • tax
    Double tax savings^ On premiums (under 80C) and on maturity (under 10(10D))
  • compare
    Compare & Choose 30+ Plans and 150+ Fund options
We are rated++
rating
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold

Top performing plans˜ with High Returns**

Invest ₹10K/month & Get ₹1 Crore# Tax-Free*

+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated++
rating
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

What is a Compound Interest Calculator - HDFC Bank?

An HDFC Bank Compound Interest Calculator is an online tool that helps you estimate the future value of an investment, considering the principal amount, interest rate, tenure, and compounding frequency. It's a valuable tool for understanding the power of compound interest and making informed financial decisions.

Key Features

  • Easy to Use: Simple interface for quick calculations.

  • Accurate Results: Provides precise calculations based on the input parameters.

  • Customizable Inputs: Allows you to adjust the principal amount, interest rate, tenure, and compounding frequency.

  • Real-time Updates: Reflects current interest rates and other relevant factors.

Power of Compounding Calculator

YOU INVEST
YOU GET

Investing Amount

₹500 ₹150,000

Invest for (in years)

1
2
3
4
5
6
7
8
9
10

Stay invested for (in years)

1
3
5
10
15
20
25
30

Interest rate

1% 25%

Sensex has given 10% return from 2010-2020

Uses of a Compound Interest Calculator - HDFC Bank

Below are the uses of HDFC Bank Compound Interest Calculator: 

  • Investment Planning: Assess the potential growth of your investments over time.

  • Financial Goal Setting: Determine how much you need to save to achieve specific financial goals.

  • Loan Repayment Planning: Estimate the total interest payable on loans.

  • Comparing Investment Options: Evaluate the returns of different investment instruments.

Steps to Use an Online HDFC Bank Compound Interest Calculator by Policybazaar

Below are the steps to use the Policybazaar’s HDFC Bank Compound Interest Calculator: 

  • Enter Principal Amount: Specify the initial amount you plan to invest.

  • Select Interest Rate: Input the annual interest rate offered by HDFC Bank.

  • Choose Tenure: Specify the investment period in years.

  • Select Compounding Frequency: Determine how often the interest is compounded (annually, semi-annually, quarterly, or monthly).

  • Click Calculate: The calculator will display the maturity amount and total interest earned.

How Does an HDFC Bank Compound Interest Calculator Work?

The Compound Interest calculator by HDFC Bank uses a standard formula for calculating compound interest:

The HDFC compounding calculator works based on the following compound interest formula:
A = P (1 + r/n) ^nt
Terms used in HDFC Compound Interest Calculator
A
stands for Total amount after interest
P
stands for Principal amount (initial investment)
r
stands for Annual interest rate (in decimal)
n
stands for Number of times interest is compounded per year
t
stands for Time in years

Example Calculation:

If you invest â‚ą2,00,000 in a lump sum for 4 years with an annual interest rate of 10%, the returns will be as follows:

Year Principal Amount (P) Interest Compounding Formula Total Compounded Amount (A) Total Compound Interest (CI)
1 Year â‚ą2,00,000 A = 2,00,000 (1+ 10/100)^1 â‚ą2,20,000 CI= â‚ą20,000
2nd Year â‚ą2,20,000 A= 2,20,000 (1+10/100)^1 â‚ą2,42,000 CI= â‚ą22,000
3rd Year â‚ą2,42,000 A= 2,42,000 (1+ 10/100)^1 â‚ą2,66,200 CI= â‚ą24,200
4th Year â‚ą2,66,200 A= 2,66,200 (1+ 10/100)^1 â‚ą2,92,820 CI= â‚ą26,620

So, 

  • Total amount earned at the end of the 4-year period = â‚ą2,92,820 (almost 1.5 times of the invested amount). 

  • Total compound interest earned = â‚ą20,000 + â‚ą22,000 + â‚ą24,200 + â‚ą26,620 = â‚ą92,820.

As seen in this example, calculating compound interest manually can be complex; hence a calculator is very helpful.

Benefits of a Compound Interest Calculator - HDFC Bank

Below are the benefits of HDFC Bank Compound Interest Calculator: 

  • Saves Time: Quickly calculates returns without manual effort.

  • Increases Financial Awareness: Helps you understand the concept of compound interest.

  • Empowers Informed Decision-Making: Assists in making sound financial choices.

  • Improves Financial Planning: Enhances your ability to plan for future financial goals.

Conclusion

The HDFC Bank Compound Interest Calculator is a powerful tool that can help you make informed financial decisions. By understanding the impact of compound interest, you can optimize your savings and investments.

FAQs

  • What is compound interest? 

    Compound interest is interest calculated on both the principal amount and the accumulated interest.
  • Can I use the calculator for other banks' products? 

    While the calculator is specifically designed for HDFC Bank products, you can use it for other banks by inputting the relevant interest rates and terms.
  • How accurate are the calculations?

    The calculator provides accurate calculations based on the input parameters. However, it's important to note that actual returns may vary due to factors like changes in interest rates and taxes.

˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Past 10 Years' annualised returns as on 01-04-2025

^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.

Tax benefit is subject to changes in tax laws. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%

¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.

**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).

Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
Investment Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

Investment plans articles

Recent Articles
Popular Articles
Bank of India PPF Account

28 Mar 2025

A Public Provident Fund (PPF) account with the Bank of India is
Read more
Central Government Schemes

27 Mar 2025

The Indian government, both pre and post-independence, has
Read more
SWAYAM Scheme Odisha Government

27 Mar 2025

The Swatantra Yuva Udyami Scheme (SWAYAM), launched by the
Read more
Government Loan Scheme

26 Mar 2025

Government loan schemes in India are important tools for
Read more
Government Schemes for Women

26 Mar 2025

Women's empowerment is a critical pillar of societal progress
Read more
20 Best Investment Options in India in 2025
  • 04 Apr 2014
  • 1891362
In India, there are many safe and reliable options to grow your money with minimal risk. Whether you are new to
Read more
Post Office Senior Citizen Savings Scheme (SCSS) 2025
  • 13 Feb 2020
  • 122354
The Post Office Senior Citizen Savings Scheme (SCSS) is a popular investment option for senior citizens looking
Read more
17 Short Term Investment Options in 2025
  • 10 Feb 2014
  • 564972
Short term investments are financial assets that can be easily converted to cash within a short period, ranging
Read more
Best Saving Plans in India 2025
  • 30 Jan 2019
  • 177561
Saving money is an important step towards achieving financial independence and security. Whether you're looking
Read more
Government Schemes to Invest in India in the Year 2025
  • 23 Dec 2021
  • 21147
Government schemes offer secure returns, tax benefits, and long-term growth. In 2025, top schemes like PPF, SSY
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL