Savings Calculator
See how your savings will grow with regular deposits and compound interest
Savings Plan
₹
₹0₹10L
₹
₹500₹1L
%
3%15%
years
1 year40 years
Projected Growth
Enter your savings plan and click Calculate to see how your wealth will grow
The Power of Compound Interest
Regular savings combined with compound interest can help you build significant wealth over time. The key is to start early and stay consistent with your contributions.
Smart Savings Strategies
- Start Early: Time is your greatest ally in wealth building due to compound interest
- Automate Savings: Set up automatic transfers to make saving effortless
- Increase Gradually: Increase your monthly contribution by 10-20% annually
- Emergency Fund First: Build 6 months of expenses before aggressive investing
- Diversify: Split savings across bank deposits, mutual funds, and other instruments
- Stay Consistent: Regular small contributions beat irregular large ones
Where to Save in India?
- Savings Accounts: 3-4% p.a., high liquidity, low returns
- Fixed Deposits: 5.5-8% p.a., moderate liquidity, capital protection
- Mutual Funds: 8-15% p.a. (equity), market-linked returns
- PPF: 7.1% p.a., tax-free, 15-year lock-in
- NPS: Market-linked, retirement-focused, tax benefits