How it’s calculated
Maturity = P × (1 + R ÷ 400)4 × t P = deposit amount R = yearly interest rate (%) t = years
Interest is compounded every quarter, the way Indian banks calculate FDs.
Example: ₹1,00,000 at 7% for 5 years matures to ₹1,41,478.
TDS on interest and early-withdrawal penalties are not included.