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Simple Interest

Note-1: Calculates simple interest for the given period in days at the given interest rate. It is calculated based on 365 days basis.

Note-2: The maturity value are subject to change due to TDS deduction in the respective financial period. Deposits are insured to the extent as per RBI guidelines. Requested to reconfirm the interest rate at the time of opening the account. TDS is calculated on Financial Year basis.

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