Paid and Accrued interest of co-operative housing society

Amit Kumar Das (Retd) (220 Points)

08 July 2023  

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.