Savings account interest
An Indian savings-account version of the MMA tool.
Projected savings balance
For illustration only. Read the assumptions below for the full picture.
Understand your result.
Explore an Indian savings-account balance with regular deposits and an editable interest-rate assumption. This adapts the reference MMA concept to local savings terminology.
The model approximates interest using equal months and credits it quarterly. Banks use actual daily balances, so a statement can differ.
A worked example.
Using this calculator’s default inputs, projected savings balance is ₹4,39,293. This is an illustration of the stated formula, not a forecast.
See the example inputs
| Investment amount | ₹1,00,000 |
|---|---|
| Monthly deposit | ₹5,000 |
| Assumed annual savings rate | 3 % |
| Time period | 5 years |
A common mistake to avoid
Treating the assumed rate as a live bank offer or a guaranteed long-term rate.
Questions you might have.
Does this model balance-based rate slabs?
No. It applies one constant entered rate to the whole balance.
Is it a money market mutual fund calculator?
No. It represents a bank savings-account approximation, excluding tax, fees, withdrawals and product-specific rules.
Prepared by INDwise · Calculation checks: 29 October 2026 · How we check the maths · Report a correction
How we calculate it
Assume a constant balance within each 1/12-year month. Accrue monthly interest at annual rate ÷ 12, add deposits at month-end, and credit interest at each quarter-end.
Assumptions & things to know
Adapted to an Indian bank savings account, not a US money market account or an Indian debt mutual fund. Banks calculate savings interest on daily balances; this equal-month approximation can differ from the bank statement. Rate is entered by you, not a live offer. No slabs, tax, fees or withdrawals.
Your privacy & sharing
Your financial inputs are used only within this page. Saved calculators use this browser’s local storage. Sharing creates a link with the entered values, so anyone with that link can see those values. A downloaded summary stays on your device.