Interest cal.. denamma eppudo chinnappud

[ilakatamaflia]

Chadivinaa, ippudu ila post vesi nerchukune time vastundhi ani assal anukole...

plse come here and help no...

lets say bank lo 6% ki oka 200000 inr , FD chesithe ,for a period of 2 years ki, 

manaki monthly interest enthaa vasthashi bhayya? 

 

Nenu chesinaa calcuarion assal match avvatledhu , plse help 

[siru]

 interest calculate cheyatam  chala simple noo

[Bharatiyudu]

monthly 1 K

[ilakatamaflia]

2 minutes ago, siru said:

 interest calculate cheyatam  chala simple noo

Plse post # no ?

[ilakatamaflia]

Just now, Bharatiyudu said:

monthly 1 K

But how

[Anta Assamey]

[Bharatiyudu]

3 minutes ago, ilakatamaflia said:

But how

1% - 2000 per year

6% - 12000 per year 

1K per month..

[ilakatamaflia]

2 minutes ago, Bharatiyudu said:

1% - 2000 per year

6% - 12000 per year 

1K per month..

Bhaaa nuvu devudi bhayya

[Spartan]

1 hour ago, ilakatamaflia said:

Bhaaa nuvu devudi bhayya

are u Physics in BCom....?  @k2s

[icecreamZ]

2 minutes ago, Spartan said:

are u Physics in BCom....?  @k2s

[ICANWIN]

Seriously telekane vesava man post 

[Android_Halwa]

1 hour ago, ilakatamaflia said:

Chadivinaa, ippudu ila post vesi nerchukune time vastundhi ani assal anukole...

plse come here and help no...

lets say bank lo 6% ki oka 200000 inr , FD chesithe ,for a period of 2 years ki, 

manaki monthly interest enthaa vasthashi bhayya? 

 

Nenu chesinaa calcuarion assal match avvatledhu , plse help 

Things to consider while going for FD..Gyan Time.

Most FD's have higher interest rates for deposits between 12 months and 18 months. I.e. If you do a FD for 17 months, You will get interest rate of 6.7% PA but if you do it for 19 months, You will get 6.4% PA. So, check with the bank about their FD rates and tenures before going to deposit. 

Myth and Reality : Its very easy to calculate the income per month but in reality the calculation is different. This income is taxable unless it falls with in the threshold limit or in the name of senior citizens. So, The interest rate is calculated for some plans as monthly and for other plans, the compound interest is calculated quarterly or half yearly. This makes the real calculations. Check with the bank for compounded interest rate period, the reality is shorter the better but the interest rate may be lower, medium term is the better plan with compound interest calculated quarterly. 

FYI, Play with the FD calculator and you will get an idea how interest would be paid out and the options you need to consider while making a FD. 

http://www.moneycontrol.com/fixed-income/calculator/state-bank-of-india-sbi/fixed-deposit-calculator-SBI-BSB001.html

[k2s]

1 hour ago, ilakatamaflia said:

Bhaaa nuvu devudi bhayya

Nee bonda vay nee bonda

Bank interests are not simple interest. They calculate based on daily interest rates and calculated compounded