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    How are mounted deposit charges calculated in a bissextile year? Right here’s how banks deal with the additional day | Enterprise

    February 29, 2024 - By how finance works

    FD fee calculation: Have you ever ever questioned how banks calculate mounted deposit rates of interest in a bissextile year? Leap years occur each 4 years and encompass Three hundred and sixty six days, not like the standard 365. This yr, February has 29 days. With an additional day in…

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Recent Posts

  • Understanding the Components of Working Capital
  • Understanding the Distinction Between Fixed Capital and Working Capital
  • The 8-4-3 Rule of Compounding Explained (Ultimate Guide)
  • What Components Are Included in Public Finance?
  • Understanding CRADJ: What It Means on Your Bank Statement