In Bank FD account, a fixed sum of money is deposited for fixed tenure usually for a period from 7 days to 10 years. A higher interest rate is offered on fixed deposits which vary from bank to bank according to the amount deposited and duration of investment. You can get a fixed interest periodically till its whole term or can directly get whole interest along with the principal at the time of maturity.
Banks offer the deposit period in various forms like days, months or years and even the compounding of interest varies from bank to bank which can be monthly, quarterly, half-yearly or yearly.
You can easily calculate the amount of interest earned and maturity amount using following FD calculator. It is to be noted that the result of this calculator will give you an approximate value and only your bank can provide you the exact value.
2017 September 27 is a bank holiday in Andaman And Nicobar Island due to Durga Puja (Mahasaptami).
2017 September 28 is a bank holiday in Andaman And Nicobar Island due to Durga Puja (Mahastami).
2017 September 28 is a bank holiday in Jharkhand due to Mahashtami.
2017 September 29 is a bank holiday in Andaman And Nicobar Island due to Durga Puja/Ayudhapooja (Mahanavami).