1. 

   Pulkit Nahata New Member

   
   Hi, i have set 30 day month for interest but the interest is still being calculated for 31 days. Kindly help

    

   Pulkit Nahata, Aug 3, 2023

   #1
   
   
   
2. 

   Amit Kamdar Administrator Staff Member

   
   Principal * ROI% / 30 * #ofdays ....that is how interest is calculated and is correct.
   
   Assuming Principal is 20000/- with date of 01-Apr and you want to calculate Interest upto 31-May @10% .....then 20000*10%/30 * 61 days = 4067/-

    

   Amit Kamdar, Aug 3, 2023

   #2

   NEE4NEE likes this.
   
   
   

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