Compounding interest: Most Indian FDs offer monthly compounding, where interest earned each month gets added to the principal, effectively earning interest on interest. This significantly impacts your final returns. Reliable FD calculators, like the Axis Bank FD Calculator, factor this in for accurate...
Know about Axis Bank Fixed Deposit Under this plan, the depositor can book the deposit with the amount as low as ₹ 5,000 and decide the frequency of interest payout. The bank pays interest at the monthly and quarterly intervals. The depositor even has the option to reinvest the interest...
Compounding interest:Most Indian FDs offer monthly compounding, where interest earned each month gets added to the principal, effectively earning interest on interest. This significantly impacts your final returns. Reliable FD calculators, like the Axis Bank FD Calculator, factor this in for accurate ...