EXAMPLE AT:
|
PRINCIPAL
|
INTEREST PER YEAR
|
RATE OF INTEREST PER YEAR
|
ON
|
TAXABLE IF TOTAL INTEREST GREATER THAN 15000.00 INR
|
POST OFFICE
|
3000.00
|
19.00*08 + 18.00 * 04 = 224.00
|
7.4%
|
Fri 24-Nov-2023
|
NO
|
POST OFFICE
|
40000.00
|
257.00*08 + 256.00 * 04 = 3080.00
|
7.7%
|
Mon 22-Apr-2019
|
NO
|
POST OFFICE
|
85000.00
|
457.00*06 + 458.00 * 06 = 5610.00
|
6.6%
|
Sat 14-Aug-2021
|
NO
|
SBI
|
3000.00
|
17.00*12 = 204.00
|
6.8%
|
Fri 24-Nov-2023
|
YES USING AUTOMATION AT SBI
|