Fixed Deposits (FDs) are a popular investment option for many due to their stability and predictable returns. Understanding how interest rates are calculated on FDs is crucial for making informed financial decisions. Art of Calculating FD Interest Shriram Finance, a leading name in the NBFC (Non-Banking Financial Company) sector, offers interest rates as high as 9.40%* p.a. (inclusive of 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors). This appealing interest rate coupled with the understanding of how the calculation of interest rates on FDs are done, can…
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