# Interest payout **URL:** \ **Category:** Banks\ **Tags:** niyo-equitas\ **Created:** [June 13, 2021, 9:32am UTC](https://community.goniyo.com/t/interest-payout/7071 "2021-06-13T09:32:25Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![Pk\_fcd](https://sea1.discourse-cdn.com/flex021/user_avatar/community.goniyo.com/pk_fcd/32/6547_2.png) [@Pk\_fcd](https://community.goniyo.com/u/Pk_fcd)\ **Post date:** [June 13, 2021, 9:32am UTC](https://community.goniyo.com/t/interest-payout/7071/1 "2021-06-13T09:32:26Z")
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 ---
**Author:** ![Lucky](https://sea1.discourse-cdn.com/flex021/user_avatar/community.goniyo.com/lucky/32/1947_2.png) [@Lucky](https://community.goniyo.com/u/Lucky)\ **Post date:** [June 13, 2021, 2:38pm UTC](https://community.goniyo.com/t/interest-payout/7071/2 "2021-06-13T14:38:19Z")
Hey there! Welcome to the Niyo Community! 1. 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. 2. You cannot use the card to avail EMI services. 3. There is currently no charge for depositing or withdrawing funds online. Hope this helps! LK ---
**Author:** ![system](https://us1.discourse-cdn.com/flex021/uploads/goniyo/original/3X/7/e/7e3c381905eaf9d9da068f52aab82bb1d264af94.png) [@system](https://community.goniyo.com/u/system)\ **Post date:** [June 18, 2021, 2:38pm UTC](https://community.goniyo.com/t/interest-payout/7071/3 "2021-06-18T14:38:49Z")
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