I wanted to know as to how do Bank calculate daily balance interest chargeable on Cash Credit Accounts, i.e. whether Average, Highest, lowest, Weighted Average etc.
I wanted to know as to how do Bank calculate daily balance interest chargeable on Cash Credit Accounts, i.e. whether Average, Highest, lowest, Weighted Average etc.
ON DAILY CLOSING BALANCES DAILY INTEREST IS CHRGED FOR 1 DAY AND ACCUMULATED AND DEBITED ON A MONTHLY BASIS.
SSGS and Associates
Chennai
CA Inter
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Shaswat initial support private limited
Ahmedabad
CS
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CAclubindia
