Savings Account Interest Calculator

Estimate the annual interest on your savings balance.

Last updated: 13 Aug 2026

Quick answer

Annual savings interest = balance × rate ÷ 100. For example, ₹1,00,000 at 3% earns ₹3,000 a year. Enter your balance and rate above.

Average balance

₹

Interest rate

% p.a.

Estimate the yearly interest on your savings balance: interest = balance × rate ÷ 100. Banks usually credit savings interest quarterly.

How to calculate savings account interest

How is savings account interest calculated?

Interest is calculated on the daily balance and usually credited quarterly; annual interest ≈ balance × rate ÷ 100.

Is savings interest taxable?

Interest above ₹10,000 a year (Section 80TTA) is taxable; seniors get a higher limit under 80TTB.

Why is my interest lower?

Because it is based on your daily balance, not a one-time peak balance.