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Term Deposit interest calculation

Former Member

‎2013 Sep 11 6:40 AM

0 Kudos
166

Hi,

I have created time deposit product with 365/365 interset calculation method and interst calculation is straight line

The ROI for the amount Rs. 5,00,000 is 5.8 for 30 days so interest is Rs. 2321.92 according to system but when we calculated manually to tally with sytem the resulting interest is Rs.2383.56.

CYT is not integrated.

Kindly let me know why there is difference in interest amount.

Regards,

Sunil Shirsath

1 REPLY 1

Former Member

‎2013 Oct 09 7:04 AM

0 Kudos
115

let me know what is the calender type u r using