Payment of Interest on Savings Bank Account on Daily Product Basis

Last updated: 20 February 2010

Payment of Interest on Savings Bank Account on Daily Product Basis RBI/2009-10/322 DBOD. No. Dir. BC 77/13.03.00/2009-10 February 19, 2010 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir Payment of Interest on Savings Bank Account on Daily Product Basis Please refer to our circular DBOD. No. Dir. BC.128/13.03.00/2008-09 dated April 24, 2009 advising banks that in view of the present satisfactory level of computerisation in commercial bank branches, it is proposed t
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