How the calculation works
Maturity = P × (1 + r ÷ n)^(n × t), where P is the deposit, r the yearly rate, n the compounding periods per year and t the years.
Frequently asked questions
Is tax deducted?
The tool shows interest before tax. Your bank may deduct tax at source.
Do banks compound quarterly?
Many do, but rules differ, so check with your bank.