Use the Compound Interest calculator below to know about the compound interest earned on your principal investment for your desired tenure.
On your investment of
invested via SIP,
generating a total profit of
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Compound interest is paid on the deposits that you make and the interest that you earn over a period of time.
If you start saving in your twenties, you can plan your retirement by the time you are forty! Compound Interest helps you!
When you understand the time value of money, you'll see that compounding and patience are the ingredients for wealth.
Compound interest is the interest acquired on a deposit on both the initial principal and the accumulated interest from previous periods.
Compound Interest will help you to consider the amount you need to save every month and the investment avenues that will provide you with qualified returns to live life at leisure.
Simple interest is applicable on deposit only for a fixed period. Compound interest is the interest applicable on both deposit and the interest that is earned over it for a period.