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

How To Use Your Business Loan To Expand Your Business?

Are you an entrepreneur with big dreams of expanding your business? Do you have ideas for growth but lack the necessary funds to make them a reality? You’re not alone. Many small business owners...

KNOW MORE

April 10, 2024

Optimising MSME loan repayments: A Comprehensive Guide

Introduction Managing loan repayments is often a challenge for small business owners, especially in the current economic climate. With the increasing debt burden faced by businesses like Mohan’s...

KNOW MORE

May 13, 2024

Good-debt-vs-bad-debt-What-the-difference

Good Debt Vs Bad Debt: What’s The Difference?

Introduction Debt is a part of many people’s lives, whether it’s taking out a loan for higher education, buying a home, or starting a business. But not all debts are created equal. Some de...

KNOW MORE

July 5, 2024