How do you calculate FD interest on a Rs. 20 Lakh deposit?

The best way to calculate the fixed interest on a Rs. 20 Lakh deposit is to use the FD interest calculator available on the Mahindra Finance website. It is an easy-to-use online tool that lets you compute the interest you can earn and also the overall maturity amount you can get at the end of the investment tenure.

All you have to do is input a few basic details in the calculator, including the principal amount, the interest rate, and the investment tenure. Once you enter the details and click on the calculate tab, the tool will show you the results instantly.

At Mahindra Finance, we offer the highest interest rate of up to 7% on a Rs. 20 Lakh fixed deposit.