What return rate should I enter?

Use the actual rate for deposits you plan to use, or a conservative estimate for market-linked investments. Testing a lower rate as well shows how sensitive your goal is.

Why is my result different from my bank's RD calculator?

Bank recurring deposits usually compound quarterly and credit interest from each instalment date, while this calculator compounds annually. Small differences are normal.

Is interest on savings taxable?

Interest on savings accounts, FDs and RDs is generally taxable as income, subject to any deduction available in your tax regime. PPF interest is tax-free. See our income tax hub.

How much should I save each month?

A common starting point is 20% of take-home pay, adjusted for your goals and obligations. The calculator lets you work backwards: change the monthly amount until the final figure meets your target.

Simple Savings Calculator - FundsTiger Loans

Written by FT Editorial Team · Reviewed by FundsTiger Credit Expert Team · Updated 13 October 2026

Initial Deposit:

₹

Monthly Contributions:

₹

Over a period of:

Return Rate in % (returns compounded annually):

Total Savings Breakdown:

Total Interest Earned:

Total Monthly Contributions:

Initial Savings:

Your total savings

₹ the number

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