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SAVING BANK INTEREST

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30 October 2010 CAN ANYBODY TELL ME THE BASIS OF CALCULATION OF SAVING BANK INTEREST RECEIVED FROM ANY NORMAL BANK?



REGARDS,
DEVENDRA
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O.D.SHARMA

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O.D.SHARMA (Expert)
31 October 2010 Hi,This was on monthly basis on minimum balance from 10th-month end.Now on daily product basis.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
31 October 2010 Presently, the Savings bank account getting the interest on daily balance method, actual interest will be calculated on balance in the account in every day basis
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