To subtract months, enter a negative number as the second argument. The EDATE function requires two arguments: the start date and the number of months that you want to add or subtract. You can use the EDATE function to quickly add or subtract months from a date. In cell C2, enter =A2+B2, and copy down as needed.Īdd or subtract months from a date with the EDATE function You can enter a negative number to subtract days from your start date, and a positive number to add to your date. In the following example, you'll see how to add and subtract dates by entering positive or negative numbers.Įnter the number of days to add or subtract in column B. You want to transfer funds to your checking account so that those funds arrive 15 calendar days before that date, so you'll subtract 15 days from the due date. Neither IDFC FIRST Bank nor any of its agents or licensors or group companies shall be liable to user/ any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein.Suppose that a bill of yours is due on the second Friday of each month. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against IDFC FIRST Bank. IDFC FIRST Bank does not undertake any liability or responsibility to update any data. The user should exercise due care and caution (including if necessary, obtaining of advice of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. The use of any information set out is entirely at the user's own risk. IDFC FIRST Bank does not guarantee accuracy, completeness or correct sequence of any of the details provided therein and therefore, no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. You can plan your savings with the FD calculator monthly interest. The FD schemes are good investment options for those who have surplus money and want to start investing. If you are planning for a long-term investment with high returns, you can choose to invest in FD after calculating the interest earned on the fixed deposit calculator. To simplify the calculation, you can use this formulaĬompound Interest (CI) = P = Rs 3,469 In the fifth year, you get Rs 13,469, where the interest earned is In the second year: 10600 x 6 x 1/100 = Rs 636, so the total amount becomes Rs 11236 In the first year: 10,000 x 6 x 1/100 = Rs 600, so the total amount is Rs 10,600 For example, if you invest Rs 10,000 6% p.a. The compounding method enables you to earn interest on the interest, and most banks offer compound interest to attract FDs. Simple Interest (SI) = P (Principal amount) x R (Rate of interest) x T (Tenure) divided by 100 or P x R x T/100įor instance, if you invest Rs 10,000 6% p.a. Under this method, you multiply the principal amount, rate of interest and tenure to get the result. There are two methods of calculating interest on a fixed deposit, and they are: If you want to gain more from your investment, you should know how the interest on FD is calculated. The FD amount with cumulative FD interest will be calculated instantly.Fill in the deposit amount and tenure year or tenure days or use the slider to select them.There are four options like short term, reinvestment, quarterly payout and monthly payout. Next, you need to choose the type of deposits.For a senior citizen, the effective interest rate is higher by 0.50 percent. Choose the type of customer, whether you are a regular customer or a senior citizen.To use the FD calculator monthly interest tool, follow the steps given below: The user-friendly tool requires you to provide the necessary inputs to derive the result. The IDFC FIRST Bank online FD calculator helps you to calculate the interest and accrued amount at the time of maturity.
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