Introduction: Calculating interest rates can seem like a tedious or daunting task, but understanding how fixed deposit or FD bank interest rates are calculated is a crucial step for getting the most out of your investments. FDs involve a one-time deposit and are considered a relatively secure investment. The deposit, also known as the principal, is under the bank’s safekeeping for a predefined and fixed duration of time, during which the deposit earns interest. On maturity, once the tenure is over, the deposit is returned along with the interest. For…
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