Question

what are current interest on fixed deposit​

Answer 1

Answer:

                                     Fixed Deposit Interest Rates 2020

               Banks                       FD Interest Rates               Tenure

                SBI                  2.90% - 5.40%              7 days to 1825 days]

         Axis Bank                  3.25% - 5.80%           7 days to 1825 days

      Bank of Baroda                2.90% - 5.30%              7 days to 1826 days

        HDFC Bank                      2.75% - 5.50%                   7 days to 1826 days

4 filas más

Explanation:

It is calculated by multiplying the principal, rate of interest and the time period. The formula for Simple Interest (SI) is “principal x rate of interest x time period divided by 100” or (P x Rx T/100).

Can we get monthly interest on Fixed Deposit? Yes. You can get a monthly interest payout, if you choose periodic payouts, and select monthly frequency. When you invest your money in FDs, you gain interest on your principal amount, which can be obtained periodically.