Tag: calculate

[ad_1] saving account The most widely used account is to park your savings. Withdrawal flexibility is what makes it the most preferred account. And Fixed deposit Popular in terms of returns. But most of us do not know how the interest is calculated on these accounts. Let us see how banks calculate interest on savings accounts and fixed deposits to get a better understanding of the return on money saved in a savings account. How do banks calculate interest on savings account? As per the guidelines issued by the Reserve…