Basic information on fixed deposit (FD) and the calculations involved in fixed deposit are clearly explained in this video. The purpose of the video is to expose you to the inner workings of FD calculation which will help you to make better investment decision regarding FDs.
#FixedDepositCalculation
Timeline:
00:00 Introduction - FD
00:13 Where you can open FD account?
00:21 Fixed deposit calculation intro
00:55 Example - FD Maturity & Interest calculation Formula
02:26 Example - FD Calculation using Excel Spreadsheet
04:02 Example - Compounding frequency
05:32 Example - Payout option
06:48 Fixed deposit calculator
08:05 Tax on FD
08:40 Conclusion
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