Mathematics · Compound Interest

A customer opens a Fixed Deposit of ₹20,00,000 for 2 years at an interest rate of 7.5% p.a. compounded quarterly. The customer has not submitted Form 15G/15H, and the bank applies Tax Deducted at Source (TDS) at the standard rate of 10% at the end of each financial year (March 31st). If the deposit was opened on October 1st, 2024, calculate the net interest credited to the customer (after TDS deduction) for the financial year ending March 31st, 2025.