Does anyone have a Formula to calculate the Accrued Interest for Fixed Deposits which are spread over different Financial Years?
Dear Forum,
Lets say I have several FDs which are spread over different Financial Years then is there a simple Mathematical Formula which can give me the Accrued Interest for a particular Financial Year..
Application : You can choose to not open excess FD’s incase if the Accrued Interest rate is going abpve Rs 10,000 p.a.
Warm Regards
Vaibhav Kini