SAVING BANK INTEREST
This query is : Resolved
30 October 2010
CAN ANYBODY TELL ME THE BASIS OF CALCULATION OF SAVING BANK INTEREST RECEIVED FROM ANY NORMAL BANK?
REGARDS,
DEVENDRA
REGARDS,
DEVENDRA
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.
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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