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How are fixed deposit rates calculated in a leap year? Here s how banks handle the extra day | Business

Financial Literacy News: Learn how fixed deposit rates are calculated in a leap year and how different banks handle the extra day. Bank of Baroda, Jana Small Finance Bank, Au Small Finance Bank, IDFC FIRST Bank, and HDFC Bank are some of the banks mentioned in the article.

Jana small finance bankAu small finance bankDomestic term depositsMaturity amountSmall finance bank

Bank Of Baroda Launches BoB 360 FD Scheme With High Interest Rates --Check Latest ROI, Tenor, Other Details

Under the bob360 special FD scheme, customers are allowed minimum deposit amount of Rs 1,000 and maximum deposit amount upto Rs 2 crore.

New delhiSpecial short term deposit productRate of interestShort termDomestic term depositsPresident seniorCitizen preferential ratePresident indianEducational institutionsTerm depositFixed depositBank of barodaFixed depositOb360 term deposit schemeOb special fd scheme 2024

FD rate calculation: How is fixed deposit interest rate calculated in a leap year

Leap years are those that occur every four years and have 366 days as compared to 365. There are 29 days in February this year.

Jana small finance bankDomestic term depositsMaturity amountShort depositsFixed depositLeap yearFd rate calculationFixed deposit interest rateLeap year fd interest rateLeap year fdFixed deposit ina leap yearBank of barodaHdfc bankAu small finance bankIdfc first bank

Canara Bank Hikes FD Interest Rate From Today -- Check Latest Rates Here

Canara Bank s new FD rates are effective from March 5, 2023, according to the bank s official website.

New delhiMonetary policyCanara bankReserve bankFixed depositAll maturitiesCanara tax saver depositGeneral publicDomestic bulk term depositsNon resident accountsDomestic term depositsFixed depositCanara bank fd interest rates 2023

Punjab National Bank Increases Fixed Deposit Rates --Check Latest FD Rates Here

Punjab National Bank has announced revision in Domestic Term Deposits and also for PNB Uttam FD Scheme from 20th February 2023.

New delhiPunjab national bankFixed depositNational bankDomestic term depositsNon callableFixed deposit schemeFor deposit aboveSenior citizensSuper senior citizensReserve bankFixed depositNb fixed deposit rate 2023

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