cheating is as under

CHARGING OF INTEREST ON DEBIT BALANCE BY IIFL

International and National Standard norms of charging interest as
per govt notification/PSU BANKS/RBI GUIDELINES ARE ON
QUARTERLY RESTS WITH CERTAIN RATE OF INTT.

In old time SAHUKAR CHARGED ON MONTHLY BASIS TO EXPLOIT
THE GENERAL PUBLIC WHICH NOW A DAYS IS A OFFENCE
AND UPTO SOME EXTENT PUNISHABLE.

INDIA INFOLINE IS SO MANY TIMES AHEAD OF SAHUKAR

HOW KNOW IT

INDIA INFOLINE IS CHARGING INTT @24% AND INCREASED IT WITH EFFECT FROM
01/01/2011 @27%.PSU BANKS IS CHARGING AT QUARTERLY BASIS I.E. ONCE IN
3 MONTHS BUT IIFL IS CHARGING IT ON PER 24 HOUR BASIS.

THUS WHEN PSU BANKS CHARGED ONCE IN 90 DAYS,IIFL CHARGED 90 TIMES
IN 90 DAYS .

NOW SEE THE DIFFERENCE OF PSU BANKS AND IIFL

DEBIT BALANCE 25000 ,RATE OF INTT 24%


AS PER PSU BANKS AS PER IIFL
at quarterly rest at 24 hour basis
(COMPOUNDING) (compounding daily)

1478.86 1523.59

THUS IIFL IS RECOVERING Rs.44.73 EXCESS AS COMPARE TO PSU BANKS.
can not believe
TEST IT YOUR SELF using the below calculator link

Compound Interest Calculator