Fixed Deposit ( Tenure 1 and 2 Years)

Topic : Fixed Deposit ( Tenure 1 and 2 years )
Time for some numb3r Crunching !!

Top 5 Fixed Deposit

Tenure : 1 year ( Interest Rates Compunded Quarterly )
P=10,000  n=4  t=1  r= as mentioned below

Bank Name                    Interest Rate(r)            Rs 10,000 will yield to
Corporation Bank                   9.00                             10,931
Dhanlaxmi Bank                      9.00                             10,931
Indian Bank                                9.00                            10,931
Kotak Mahindra Bank            9.00                            10,931
Tamilnad Mercentile Bank   9.00                           10,931

Tenure : 2 years ( Interest Rates Compounded Quarterly )
P=10,000  n=8  t=2 r=as mentioned below

Bank Name                    Interest Rate(r)       Rs 10,000 will yield to
City Union Bank                        9.50                    12,066
Karur Vyasa Bank                     9.50                    12,066
Tamilnad Mercentile Bank    9.50                   12,066
Ing Vyasa Bank                           9.25                   12,007
Karnataka Bank                          9.25                   12,007

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