Overdraft Interest Calculator
Calculate the interest cost on an overdraft used for a given number of days — typical for business cash flow gaps.
Inputs
₹
₹5.00 L
% p.a.
12%
days
30 d
Interest cost
₹4,932
Total due
₹5.05 L
Effective rate
0.99%
Formula & assumptions
Interest = Outstanding × (annual_rate / 365) × days
Simple daily interest. Processing fees, GST, and minimum-utilization charges excluded.