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Message: <blockquote data-quote="ManojManathunga" data-source="post: 16240075" data-attributes="member: 428099"><p>How FD is Calculated.....</p><p></p><p>FD Rate is provided by the Bank.... unlike Savings accounts where interest is calculated on the daily balance Daily and credited monthly </p><p></p><p>FD interest is calculated on the daily balance and credited for the duration ex:</p><p></p><p>3 month FD Deposit opening date 1st Jan</p><p>Jan 31 days </p><p>Feb 28 Days </p><p>march 31 days </p><p>on April 1st you will be credited for 90 days</p><p></p><p>if you take the money before maturity Ex  Feb 12th </p><p></p><p>then you will be paid the normal interest upto Feb 12th from Jan 1st</p></blockquote><p></p>

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