This is a discussion on Method of calculating interest in Savings Accounts. within the Bank Account forums, part of the Banking category; The banks are giving interest on minimum balance in a savings account between 10th and end of the particular month. ...
Method of calculating interest in Savings Accounts. The banks are giving interest on minimum balance in a savings account between 10th and end of the particular month. This is totally hypothetical,impractcal,illogical and illegel. While charging interest on loans and advances they use the daily product, As already mentioned, Indian public has been looted by these banks for over 50 years.
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