How the interest is calculated and credited is it monthly or quarterly or annually
I hope the following info answers your question.
|Daily Closing Balance||Rate Slab|
|Up to ₹ 1 lakh||3.50%|
|Above ₹ 1 lakh and upto ₹ 1 cr||7.00%|
|Above ₹ 1 cr||6.00%|
Interest will be calculated on the daily closing balance of the account
Interest will be paid on quarterly basis by direct credit in the savings account
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