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Interest on fixed deposit

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(Querist)
05 March 2012 COULD ANYONE TELL ME HOW BANKS CALCULATES INTEREST ON FIXED DEPOSIT.
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
05 March 2012 Generally the compound interest method is used by the banker to provide for interest on FD.. however there can be a simple interest method also . you shall have to check with the banker about the FD when you make one.

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