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Compound Interest Rate Calculator
Compound Interest Rate Calculator 'gives the Maturity Value' of the Principal by compounding the interest at the intervals chosen. In this calculator, you have the option of choosing the compounding frequency as either as Monthly or Quarterly or Half-yearly or Yearly or None. In India most of the banks have been compounding the interest on quarterly basis, but recently RBI has allowed the same to be compounded even at earlier intervals also. (In case you wish to calculate the interest for fraction of years at quarterly compounding, please see the link at the end of this article, and go to FD calculator)
The calculator also gives the "Effective Yield", which actually is the return on the deposit in simple interest format. It depends on the rate of interest and the frequency of compounding.