A = P × (1 + r/4)^(4t) — quarterly compounding
₹100,000 at 6.5% for 3 years: A = 100,000 × (1+0.01625)^12 ≈ ₹1,21,352.
Most fixed deposit schemes compound interest quarterly by default; check your bank's actual compounding frequency.
No, the figure shown is pre-tax; actual payout may be lower after applicable tax deduction.