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FDR interest calculation

Divya Garg (8 Points)

21 June 2017

how should one calculate the interest on FDR?

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4 Replies

CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 21 June 2017

When you receive the FDR, the maturity value is mentioned on it. Deduct the investment amount from maturity amount and you will get the interest.

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zama (student) (52 Points)
Replied 21 June 2017

Formula of Compound interest I. E PRN/100
Principal, Rate of interest, & No of years
Note that in some cases interest is compounded Quarterly, Half yearly or yearly

Divya Garg (8 Points)
Replied 21 June 2017

what if the FDR is made in the month of September? After deducting the investment amount from maturity value i will get the interest for full period. but for the computation of income i need interest for 6 months only (oct-march).