A co-operative housing society had a fixed deposit of Rs. 164260 auto renewed on 08.11.2021 whose rate of interest is 5.15%.
It will be similarly auto renewed after one year.
What will be its paid interest in FY 2021-22 and also its accrued interest in the same FY.
Compounding period is quarterly.
Will any expert help me with correct figures.
Interest certificate issued by co-operative bank is very confusing.
This is the reason of my seeking help from experts to face govt audit.
CAclubindia
