Mr. Joshi
was worried as his bank had recently switched its banking software to Flexcube
from Finacle and during the transition phase staff at the local branch expressed their inability to
issue an interest certificate for all of his fixed deposits.
Mr. Joshi
was a wise investor and in order to avoid the deduction of TDS on FDs followed by the hassles
of tax refund, he had made many small FDs in different branches of the bank
using internet banking.
As the last
date for filing the Income Tax return was nearing, he started to search for FD Interest Calculators on the
net.
But those
calculators needed to be feed the period
of deposit in days or months and calculating the same was not an easy task
at all.
Mr. Joshi
wanted a calculator seeking Start Sate and Maturity Date (instead of period of
deposit) only.
To cater the need of people like Mr. Joshi, I came with a simple excel calculator with different compounding options.This calculator can be downloaded here.
Don't want the hassles of downloading? Check for the Online calculator.
great stuff it is !
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