How is interest amount is paid. Monthly or quarterly… and what interest i will get if i maintain balnce just over 1 lakh… which part will fetch 7% … whole amount or the amount which is above 1 lakh… and what interest on just 1 lakh balance
And the debit card will have the no cost emi eligibility?
And what are the charges if i deposit or withdraw money online
Hey there! Welcome to the Niyo Community!
You will be earning 3.5% of interest p.a. on your first 1 lakh balance. On amounts above ₹1 lakh, you will be earning an interest of 7% p.a.
Interest will be calculated based on your daily EOD balance and credited to your account on a quarterly basis.
You cannot use the card to avail EMI services.
There is currently no charge for depositing or withdrawing funds online.
Hope this helps! LK
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