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Sweep ID interest calculation


Harbilas Bal   01 July 2020

Harbilas Bal

 1 points

| My Other Post

Hi,

I am trying to calculate the sweep in FD interest but my results are not matching with the bank calculation. Also, there is premature withdrawl. Overall, I don't think the bank is compounding the interest to the principal. I am trying to understand the formula they are using for interest calculation. I know it is compound interest formula but still, I am not 100% accurate in deducing.


Attached File : 3140981 20200701231535 sweepinfd.xlsx downloaded: 4 times



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