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I calculate the interest rate should be given for 4 month saving deposit
The formula to calculate interest is as follows: Interest = Principal * No. of years * Rate of Interest / 100 So Interest = 10000 * 0.5 * 8 / 100 = 400/- The interest you will receive interest at the end of the 6 month period is Rs. 400/-
interest
It would entirely depend on the type of deposit you make. For a regular CD or Fixed deposit interest rate is around 4% and taking 4% into account you will get 5384 pounds per week. You can calculate this using: Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest Interest per week = interest per year / 52
If you want Rs. 1 lakh per month from a bank deposit as interest you need to deposit Rs. 1.5 crores in a fixed deposit that pays 8% interest per year. @ 8% your deposit of 1.5 crores will earn Rs. 12 lakhs as interest every year which when divided by 12, you will get 1 lakh every month. Banks will be more than happy to even offer a slightly higher rate - sau 8.5 or 9% for such large deposits.
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I calculate the interest rate should be given for 4 month saving deposit
The formula to calculate interest is as follows: Interest = Principal * No. of years * Rate of Interest / 100 So Interest = 10000 * 0.5 * 8 / 100 = 400/- The interest you will receive interest at the end of the 6 month period is Rs. 400/-
if the interest rate increases, they will not increase your. it will be based on the initial rate
interest
It would entirely depend on the type of deposit you make. For a regular CD or Fixed deposit interest rate is around 4% and taking 4% into account you will get 5384 pounds per week. You can calculate this using: Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest Interest per week = interest per year / 52
If you want Rs. 1 lakh per month from a bank deposit as interest you need to deposit Rs. 1.5 crores in a fixed deposit that pays 8% interest per year. @ 8% your deposit of 1.5 crores will earn Rs. 12 lakhs as interest every year which when divided by 12, you will get 1 lakh every month. Banks will be more than happy to even offer a slightly higher rate - sau 8.5 or 9% for such large deposits.
Recurring Deposit: A Recurring Deposit account is one in which the customer deposits a small sum of money (usually a few hundred or thousands) every month. The bank accepts a deposit every month and at the end of the deposit period (usually 12 months or higher) the bank would return the money deposited with them along with a good interest. Term Deposit: A Term Deposit or a Fixed Deposit (FD) Account is one in which the customer deposits a big sum of money (Usually a few thousands and upwards. There is actually no limit to the amount of money you can deposit in a FD) for a fixed duration of time (Atleast 3 months or higher). Since you agree to keep the money deposited with the bank for a fixed/agreed upon duration, the bank gives you a very good interest as payment for keeping the deposit
The Recurring deposit account is an account in the bank (or a Post office in some countries) where an investor deposits a fixed amount of money every month for a fixed tenure (mostly ranging from one year to five years). This scheme is meant for investors who want to deposit a fixed amount every month, in order to get a lump sum after some years. The small monthly savings in the Recurring Deposit scheme enable the depositor to accumulate a handsome amount on maturity. Interest at term deposit rates is computable on quarterly compounded basis.
The Recurring deposit account is an account in the bank (or a Post office in some countries) where an investor deposits a fixed amount of money every month for a fixed tenure (mostly ranging from one year to five years). This scheme is meant for investors who want to deposit a fixed amount every month, in order to get a lump sum after some years. The small monthly savings in the Recurring Deposit scheme enable the depositor to accumulate a handsome amount on maturity. Interest at term deposit rates is computable on quarterly compounded basis.
Fixed Deposit is a powerful plan offered by many Banks and NBFCs to get high return on investment. Fixed Deposit yields high return when the tenure or period of fd is large. It means more time, more amount, more money.There are so many Banks and NBFCs which offers high interest rate on fixed deposit viz. Karnataka Bank, State Bank, Bajaj Finserv, RBL Bank etc.The interest rates in these financial institutions differ from tenure to tenure and amount to amount.
1.5% per month or part there of, till tds is paid Deduction due date paid date 10000 7.7.2012 8.7.12 interest 150 10000 7.7.2012 8.8.12 interest 300 10000 7.7.2012 8.9.12 interest 450 ...like