Tuesday, March 6, 2012

We know that this March 31 st, it is annuaul closing year for banks. Next day they calculate interest for our?

savings deposit and credit interest to our account. I got my savings bank account in Syndicate bank, Corporation bank, Oriental bank of commerce and South Indian bank. I even got an account with State bank of India, but last year they did not credit any interest to my account. Therefore this year iam planning to deposit my maximum savings in any of the above said 4 banks. So which bank out of 4 gives higher percentage of interest to our deposits? this year where should I deposit to get higher percentage of interest? can i know the percentage's these all banks give?

Besides, which is the Nationalized bank in India which gives good, higher interest every 3 months?We know that this March 31 st, it is annuaul closing year for banks. Next day they calculate interest for our?
31st march the annual closing is correct but the next day theycalculate interest is wrong

interest calculation are done on 31st march itself and after the closing of the day's transaction

first they close days transactions and then the year transactions are closed

for sb accounts they give interest credit only on 1st january and 1st july every year

for deposits you mean savings account deposits or term deposits i wonder

as far as savings accounts the interest is calculated on daily products basis and almost all banks have same rate of interest interm deposits they differ from bank to bank and from time to time

you go and check up with the said banks

what about customer service are you not worried about it i wonder

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