Simple Interest Calculator
SI = P × R × T / 100.
Interest
₹12,000
Total amount
₹62,000
Formula
Simple interest = Principal × Rate × Time / 100. Interest is charged only on the original amount, never on earlier interest.
Where it's used
Some short-term loans, gold loans and informal lending use simple interest. Bank deposits normally use compound interest.
Frequently asked questions
SI or CI — which is higher?
For more than one period, compound interest is always higher than simple interest at the same rate.
Related basics tools
Results are estimates for planning only. Confirm final figures with your bank or a tax advisor.
Free banking tools
IFSC Code Checker
Check if an IFSC is valid and whether it supports NEFT, RTGS, IMPS and UPI.
Cheque Amount in Words
Type an amount, get the exact words to write on your cheque (Lakh & Crore).
Loan EMI Calculator
Monthly EMI, total interest and a year-by-year repayment chart.
FD & RD Calculator
Maturity value of fixed and recurring deposits with quarterly compounding.