Interest on Daily Balance Basis by BANKS
This query is : Resolved
10 April 2010
Hello
Can anyone tell me that a move which was proposed by RBI that banks should give credit of interest on daily balance basis from 1 april
Is it still in proposal or its now implemented?
Thanks
Can anyone tell me that a move which was proposed by RBI that banks should give credit of interest on daily balance basis from 1 april
Is it still in proposal or its now implemented?
Thanks
CA Ravi Sisodia
(Expert)
10 April 2010
its implemented.
Ghanshyam T Jha
(Expert)
11 April 2010
I agree with Mr. Ravi but I would like to add some point to you that Interest will be given on daily balance but Interest amount will be credit in your account by half yearly.
11 April 2010
agree
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