Interest calculation for Fixed Deposits:
a. Tenure less than 6 months: Interest is based on the number of days and is computed at simple interest.
b. Tenure of 6 months or more: Interest is compounded quarterly, with the interest from the preceding quarter added to the principal to determine the interest for the next quarter.
c. Monthly interest payout option: Interest paid will be calculated at a discounted rate compared to the standard rate.
d. Quarterly payout option: Interest is computed and paid on a quarterly basis.