Interest Calculator — Simple, Compound, FD, PPF 2026
Calculate Simple Interest, Compound Interest, FD, PPF, RD returns. See year-wise growth table. Quick presets for popular government savings schemes.
Savings Options for Government Employees
Maximize your returns: GPF and PPF offer tax-free compound interest at 7.1%. Sukanya Samriddhi Yojana gives 8.2% for daughters. Also check your in-hand salary to plan savings, and use our EMI Calculator for loan planning.
Frequently Asked Questions
❓ What is the difference between simple and compound interest?
Simple Interest is calculated only on the principal amount: SI = P × R × T / 100. Compound Interest is calculated on principal plus accumulated interest: A = P × (1 + R/n)^(n×T). Compound interest earns more over time.
❓ What is the current PPF interest rate?
PPF interest rate is set by the government quarterly. As of 2026, it is around 7.1% per annum, compounded annually. PPF has a 15-year lock-in period with tax benefits under Section 80C.
❓ Which is better — FD or PPF for government employees?
PPF offers tax-free returns and EEE (Exempt-Exempt-Exempt) benefit. FD interest is taxable. For long-term savings, PPF is generally better for government employees. For short-term (1-5 years), FD gives guaranteed returns.
❓ How is GPF interest calculated?
General Provident Fund (GPF) for government employees earns interest compounded annually. The rate is set quarterly by the government, currently around 7.1%. Interest is tax-free and calculated on the minimum balance between the close of the 5th and end of the month.
❓ What are the best savings options for government employees?
Top options include: GPF (7.1%, tax-free), PPF (7.1%, tax-free), NPS (market-linked), Sukanya Samriddhi (8.2% for daughters), and Senior Citizen Savings Scheme. Government employees should maximize GPF contributions first.
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