The purpose of this calculator is to help you see how much you could save over time or how long it will take to reach your savings goal based on the information you put into the calculator. The results are an estimate only. We have made a number of assumptions when producing the calculations. Our main assumptions are set out below:
Interest ratesWe assume that the interest rates shown in the calculator are those which will apply to your account. We have to do this, as we don't know what the future will hold. Please remember though that all deposit account rates are subject to change.
Interest periodsWe assume that interest is calculated and credited to your account quarterly, with each month being exactly 30 days (some months are, of course, longer or shorter than this, and this will affect total interest calculations).
How you use your accountWe assume that you make your regular savings payments to the account on the first day of each interest period, and that you do not make any withdrawals.
TaxWe haven't taken into account the tax you may need to pay on interest earned into your account.
RoundingWe round monetary amounts on Nepalese currency, and periods of time up to the nearest 1/10th of a year.
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