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# 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

## 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