Can I use the Axis Bank Compound Interest Calculator for different investment tenures?

Yes, the calculator allows users to select various tenures to compute returns.

How does compounding frequency affect my returns?

Higher compounding frequencies, such as monthly or quarterly, result in greater returns compared to annual compounding.

Is the Axis Bank Compound Interest Calculator free to use?

Yes, it is free and accessible online for all users.

Can the calculator be used for recurring deposits?

Yes, the calculator works for both fixed deposits and recurring deposits offered by Axis Bank.

Compound Interest Calculator - Axis Bank

The Compound Interest Calculator - Axis Bank is a powerful financial tool that assists users in estimating the growth of their investments. It provides a quick and accurate way to compute returns based on the principal amount, interest rate, tenure, and compounding frequency, making it an essential tool for informed financial planning.

Investment Plans

Generate wealth Earn 1 Cr^# in maturity with Zero LTCG tax^¶
Double tax savings^ On premiums (under 80C) and on maturity (under 10(10D))
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4.2 Crore

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We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 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 - Axis Bank?

The Axis Bank Compound Interest Calculator is an online tool designed to calculate the interest earned on investments with the power of compounding. Unlike simple interest, compound interest accumulates not only on the principal amount but also on the previously earned interest, helping your money grow exponentially.

Key Features

User-Friendly Interface: Simplifies complex calculations with an easy design.
Instant Results: Quickly computes interest and maturity amounts based on user inputs.
Customizable Options: Allows users to adjust parameters like principal, interest rate, and compounding frequency.

Uses of a Compound Interest Calculator - Axis Bank

Below are the uses of Compound Interest Calculator-Axis Bank:

Investment Planning: Helps users estimate the future value of their investments.
Comparison Tool: Enables comparisons between various savings and deposit schemes.
Educational Resource: Enhances understanding of the impact of compounding on investments.

Power of Compounding Calculator

YOU INVEST

YOU GET

Investing Amount

₹500 ₹150,000

Invest for (in years)

Stay invested for (in years)

Interest rate

1% 25%

Sensex has given 10% return from 2010-2020

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

Follow these simple steps to use the Policybazaar Compound Interest Calculator for Axis Bank:

Enter Principal Amount: Input the initial investment amount.
Select Tenure: Specify the investment duration in years or months.
Input Interest Rate: Enter the annual interest rate offered by Axis Bank.
Choose Compounding Frequency: Select the frequency (annually, semi-annually, quarterly, or monthly).
Results: View the maturity amount, total interest earned, and invested amount.

How Does an Axis Bank Compound Interest Calculator Work?

Example Calculation:

If you invest ₹2,00,000 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	₹2,00,000	A = 2,00,000 (1+ 10/100)^1	₹2,20,000	CI= ₹20,000
2nd Year	₹2,20,000	A= 2,20,000 (1+10/100)^1	₹2,42,000	CI= ₹22,000
3rd Year	₹2,42,000	A= 2,42,000 (1+ 10/100)^1	₹2,66,200	CI= ₹24,200
4th Year	₹2,66,200	A= 2,66,200 (1+ 10/100)^1	₹2,92,820	CI= ₹26,620

So,

Total amount earned at the end of the 4-year period = ₹2,92,820 (almost 1.5 times of the invested amount).
Total compound interest earned = ₹20,000 + ₹22,000 + ₹24,200 + ₹26,620 = ₹92,820.

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

Benefits of Compound Interest Calculator - Axis Bank

Below are the benefits of Axis Bank Compound Interest Calculator:

Time-Saving: Eliminates the need for manual calculations.
Accurate Outputs: Provides precise results, ensuring informed decision-making.
Accessible Anytime: Available online for convenient use.
Enhanced Financial Planning: Facilitates goal-oriented investment strategies.

Conclusion

The Axis Bank Compound Interest Calculator by Policybazaar is a must-have tool for anyone aiming to make sound financial decisions. By leveraging this calculator, users can easily visualize the growth of their investments and optimize their savings strategies. Whether you are planning for a short-term expense or a long-term goal, this tool ensures your financial planning is on track.

FAQs

Can I use the Axis Bank Compound Interest Calculator for different investment tenures?

Yes, the calculator allows users to select various tenures to compute returns.
How does compounding frequency affect my returns?

Higher compounding frequencies, such as monthly or quarterly, result in greater returns compared to annual compounding.
Is the Axis Bank Compound Interest Calculator free to use?

Yes, it is free and accessible online for all users.
Can the calculator be used for recurring deposits?

Yes, the calculator works for both fixed deposits and recurring deposits offered by Axis Bank.

†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. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). 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 01-12-2024

^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