Posted by: SASHAN April 17, 2011
interest in savings/fixed deposit accounts in nepal
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TOTAL DEPOSIT in first month 100,000.00
Interest rate 10.50
After Tax interest(5%tax)
9.975
Monthly after tax ineterst 831.25
first quarter interest after tax(at ashoj end) 2,493.75
2nd  quarter interest after tax(at poush end) 2,493.75
3rd  quarter interest after tax(at chaitra end) 2,493.75
4th quarter interest after tax(at ashad end) 2,493.75
Annual total interest > 9,975.00
   
Total annual imterest after tax 9,975.00

*note:  total annual interest will be greater than 9,975 because you will get interest on interest also for each quarter
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