Interest on FDs is calculated using the principal, interest rate, and FD tenure. Depending on the type of fixed deposit scheme, banks may use simple or compound interest methods to calculate the interest.
Interest on FDs is calculated using the principal, interest rate, and FD tenure. Depending on the type of fixed deposit scheme, banks may use simple or compound interest methods to calculate the interest.
Need Help
Talk to our Support Team for free. We will help you through your investment journey.
