Sie sind auf Seite 1von 2

FIXED DEPOSIT CALCULATOR FOR CUSTOMER SATISFAC

Principal Rate No of Monts Due Amt


10000 7.25 120 20513.7 This is the fixed deposit calculator for only the deposits which are to b
10000 7.25 120 20513.7 compounded quaterly.It is applicable to ccr,fdr's etc. of J&K Bank.
10000 7.25 120 20513.7
10000 7.25 120 20513.7
10000 7.25 120 20513.7 Created by Er.Khalid Dar
10000 10 120 26850.64 erkhaliddar@gmail.com

Usally customers ask what would I get if I will invest Rs10000/-for


3 years?
3.5 years?........etc
we start looking for the calculator and do calculations based on
simple interest formula.This would obviously give less amount and
customers are not satisfied
suppose amount of Rs 15000/- to be invested for 8years

usually U calculate-(15000x8x7.25)/100=8700 as interest

But when compounded quaterly it would give Rs11651/-as interest


So see the difference????????.

Sugesstion:Save this excel sheet on your desktop and use it


Maturity Period Interes
7 days to 30 days 2.75%
31 days to 45 days 3.00%
46days to 90 days 3.50%
91 days to 180days 4.75%
181days to I year 5.75%
Above 1 years to 2 years 6.75%
Above 2 years to 3 years 7.00%
3 yrs to 5 yrs 7.25%
Above 5 years 7.25%
o
MER SATISFACTION

only the deposits which are to be


o ccr,fdr's etc. of J&K Bank.

if I will invest Rs10000/-for

do calculations based on
ously give less amount and

nvested for 8years

/100=8700 as interest

d give Rs11651/-as interest

effective frm19.10.2009