How to Calculate Monthly Interest Earnings from a Non-Cumulative FD
Fixed Deposits (FDs) have long been a popular investment vehicle for risk-averse investors in India. Within this financial instrument, there exist two primary types: non-cumulative FDs and cumulative FDs. While cumulative FDs reinvest the interest to enhance the principal amount, non-cumulative FDs offer interest payouts at regular intervals, such as monthly, quarterly, or annually. This … Read more