BankMates

Full description:
BankMates is a small app for people who work in Indian banks.

CALCULATORS BUILT FOR HOW BANK BOOKS ACTUALLY WORK

Five calculators, and every one of them runs on your phone with no
connection:

• Employee loan — the two-phase staff loan. Fixed monthly principal
recovery, interest computed on the reducing balance and accumulated
into a separate interest account, then repaid over its own tenure.
Full month-by-month schedule for both phases.
• SIP — future value of a monthly investment, with an optional annual
step-up for when your increment lands.
• FD and RD — quarterly compounding on complete quarters and simple
interest on the leftover months, which is what banks actually do
rather than the textbook formula.
• EMI — reducing balance, with the complete amortisation schedule and
the split between principal and interest.
• SARFAESI — a notice and possession timeline. Every statutory period
is shown next to the section or rule it comes from, and every one of
them is editable, because you should check them rather than trust
ours.

The figures you type never leave your phone.

COMING SOON

JAIIB and CAIIB study material, organised by paper, module and chapter.
Not in this version.

YOUR OWN BANK, AND NOBODY ELSE'S

Ask a doubt and the people who see it are colleagues at the same bank
as you. Officers can post tips that everyone reads. Nobody at another
bank can see any of it — the filtering happens on our servers, not in
the app.

Please do not post customer information. This is a staffroom, not a
banking system.

WHAT THIS IS NOT

Calculator results are illustrations, not your bank's figures. They are
not a quotation, a sanction, or a statement of account. Check anything
that matters against your core banking system before you act on it.

BankMates is not affiliated with or endorsed by the Indian Institute of
Banking and Finance, or by any bank.

Your chai-break for bankers.

Calecute Technologies LLC
Kozhikode (Calicut), Kerala
[email protected]