Question about Computers & Internet

I want to know how the interest is calculated on Recurring deposits made in banks and post offices in india? Also, give a few examples of calculation

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Recurring deposit interest is calculation may vary depends on compounding period. You have to invest an amount every month interest will be calculated for the current holding in your recurring deposit account. And every compounding period interest amount will be added into holdings or available balance. You can calculate the Recurring deposit using this recurring deposit calculator

Posted on Sep 12, 2011

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It would depend on the institution holding the money. They have the
option to offer interest and how to calculate it. Give me the name of
the institution in India and I will search for their interest policy.

For
example some banks interest is calculated on the average balance during
the month then that is calculated by .05 = 5% interest. However NO
interest is offered if the balance in the account falls below a
pre-determined dollar amount.

Posted on Mar 27, 2009

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Fixed deposit calculations can be done by both manual and automatic methods.Now let us figure out the fd calculation in both ways:

**1.) Manual Calculation Technique:** It is the conventional process to know your Fixed deposit interest calculation. The formula for manual fd calculation is used as below:

Where,A = Final Amount

P = Principal Amount (initial investment)

r = Annual Nominal Interest Rate (as a decimal, not in percentage)

n = Number of times the interest is compounded per year

t = Number of years

**2.) Online Calculator Technique:** Nowadays online FD calculator is very amazing technique and it is a very useful online tool that helps you to easily calculate your Fixed deposit return. Online FD calculators uses simple technique in which you need to put your amount, tenure, interest rate and can get accurate results instantly. You can easily calculate and compare the interest receivable by changing the deposit amount.

Where,A = Final Amount

P = Principal Amount (initial investment)

r = Annual Nominal Interest Rate (as a decimal, not in percentage)

n = Number of times the interest is compounded per year

t = Number of years

Mar 18, 2018 | Finance

Following demonetization and the associated spurt in the number of deposits, the rates of interest for term deposits like fixed deposits and recurring deposits were slashed for specific maturity baskets. Depending on the bank or the Non-Banking Financial Company (NBFC) chosen, the rate of interest will vary. Moreover, the tenure of investment too plays a key role in determining the rate of interest for a fixed deposit as mentioned earlier. That being said, FD investors can expect to earn anything between 3% per annum to more than 8%, considering the factors mentioned above.

The age of the fixed deposit investor affects the rate of interest too- senior citizen investors who are 60 years or older earn more through FDs as compared to the non-senior citizen investors.

Generally, non-banks provide a higher rate of interest than nationalized and private banks. However, investors need to make sure that the institution they decide to deposit their money is of good repute. Here, stability ratings provided by relevant credit rating agencies can help in choosing the right bank or NBFC.

The age of the fixed deposit investor affects the rate of interest too- senior citizen investors who are 60 years or older earn more through FDs as compared to the non-senior citizen investors.

Generally, non-banks provide a higher rate of interest than nationalized and private banks. However, investors need to make sure that the institution they decide to deposit their money is of good repute. Here, stability ratings provided by relevant credit rating agencies can help in choosing the right bank or NBFC.

Jan 11, 2018 | Finance

Sure! Phone and online banking options are pretty standard in all US banks these days. There are even mobile banking apps if you have a smart phone and even if you don't, just look at your bank's website and search for a mobile banking option. You can take a snapshot of the check you want to deposit and send it to the bank for depositing. Good Luck.

Aug 13, 2013 | Finance

You can check http://sumnerrv.com/ for financing your RV.

Nov 16, 2012 | Cars & Trucks

Google racks up the money you've made by the end of the month, then they go through a two week process of calculating it and checking the statistics of your traffic and ad clicks. You will then be paid after if you've been accepted.

For example.

Ad Clicks for the Month of April will be processed on the first day of May, two weeks of checking over the traffic & ad clicks minimum, then the payment should be received by the end of the month of May.

For example.

Ad Clicks for the Month of April will be processed on the first day of May, two weeks of checking over the traffic & ad clicks minimum, then the payment should be received by the end of the month of May.

Jun 03, 2011 | Google AdSense

I want how i can calculate daily profit /loss calculation on investment

Sep 07, 2009 | Microsoft Step by Step Visual Basic 6.0...

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It would depend on the institution holding the money. They have the option to offer interest and how to calculate it. Give me the name of the institution in India and I will search for their interest policy.

For example some banks interest is calculated on the average balance during the month then that is calculated by .05 = 5% interest. However NO interest is offered if the balance in the account falls below a pre-determined dollar amount.

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