login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

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

mahindra-finance-author

by Mahindra Finance

|

February 29, 2024

|

1 mins read

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.

Related articles

SME Loans: The Role Of Government Initiatives In Supporting Indian SMEs

Small and medium-sized enterprises (SMEs) are the backbone of India’s economy, contributing significantly to its GDP and employment. However, accessing formal credit has been a challenge for the...

KNOW MORE

July 24, 2024

Business loans for women – All you need to know

Women entrepreneurs are transforming the business industry by bringing in fresh ideas, determination, and unique perspectives. Breaking through traditional barriers, they’re making their mark in...

KNOW MORE

February 7, 2024

Top 10 Mistakes To Avoid When Applying For A Personal Loan

Top 10 Mistakes To Avoid When Applying For A Personal Loan

Applying for a personal loan can be a convenient solution in times of financial need. However, it’s important to tread carefully and avoid certain mistakes that could lead to unnecessary financi...

KNOW MORE

August 26, 2024