CCI Online Learning
What do you want to learn today?

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Sweep ID interest calculation

Harbilas Bal   01 July 2020

Harbilas Bal

 1 points

| My Other Post


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

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads


Popular Discussion

view more »

Trending Tags
GST Live Class    |    x