Gaon Ka Byaj Calculator

💡 What Does This Calculator Do?

The Gaon Ka Byaj Calculator helps you compute interest on informal village loans, peer-to-peer debt, and agricultural credit in India. It handles traditional "Sekda" rates (such as ₹1, ₹2, or ₹3 सैकड़ा per month), monthly percentage rates, and exact date-to-date interest accumulation without complex manual math.

📋 How to Use It

1. 1
   Principal Amount: Enter the total loan money borrowed or lent in Indian Rupees (₹).
2. 2
   Select Interest Type: Choose between ₹ Sekda per Month (₹/₹100/mo) or Annual % Rate.
3. 3
   Select Mode & Dates: Pick Simple Interest (Shuddh Byaj) or Monthly Compound (Chakravriddhi) and enter your start and end dates.

🧬 The Logic Explained Simply

• The Concept: In rural India, interest is charged per ₹100 per month ("Sekda"). For example, 2 Rupaye Sekda means ₹2 per month on ₹100, which equals 2% per month or 24% per year.
• The Formula: Simple Interest = Principal × (Monthly Sekda Rate / 100) × Total Months.

💡 Real-World Calculation Breakdown

Suppose you borrow ₹50,000 in a village at 2 Rupaye Sekda (₹2/month per ₹100) for 1 year, 4 months, and 15 days (16.5 months).

1. 1
   Monthly Interest = ₹50,000 × 2% = ₹1,000 per month.
2. 2
   Total Duration = 16.5 months.
3. 3
   Total Interest = ₹1,000 × 16.5 = ₹16,500.
4. 4
   Total Payable Amount = ₹50,000 + ₹16,500 = ₹66,500.