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Fd interest calculation

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(Querist)
04 February 2014 how to calculate interest on FD, suppose principal amount 45000, maturity amount 59196 maturity date 1st may 2015 rate of interest 9.25% deposit start date 1st may 2012 please help.
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AVTAR SINGH

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AVTAR SINGH (Expert)
04 February 2014 FD interest is charged quarterly. Quarterly interest would be 9.25/4=2.3125%. Add this interest on the FD for first quarter (45000+1040=46040). Then charge interest @2.3125% on 46040 for second quarter and add to 46040 i.e. Rs.46040+1064=47104 and continue like this for 12 quarters.
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