Interest and days calculator for decrees and claims
Calculate simple or compound interest on a decree, cheque amount, arrears or deposit between two dates, and count the days between any two dates. Built for Indian court work, with the arithmetic shown.
Interest
Days between dates
Interest in decrees
Section 34 of the Code of Civil Procedure lets the court award interest on the principal sum from the date of the suit to the decree, and further interest from the decree to payment, at a rate it considers reasonable. Where the liability arises from a commercial transaction, further interest may exceed six per cent but not the contractual rate or, where there is none, the rate at which nationalised banks lend.
Courts usually award simple interest unless a contract or statute provides for compounding.
How the calculator works
Interest is computed on the exact number of days between the dates, divided by 365. Compound interest applies the chosen number of periods a year. Amounts are rounded to the nearest rupee.
Days between dates exclude the first day and include the last, the same way periods are counted under section 12 of the Limitation Act.
Frequently asked questions
What interest rate do courts award on money decrees?
It depends on the case. Section 34 CPC leaves the rate to the court; contracts, the MSMED Act and special statutes may fix it.
Is interest on a decree simple or compound?
Usually simple. Compound interest needs a contractual or statutory basis.
How are days counted?
The calculator excludes the starting day and includes the end day, and also shows the count with both days included.
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