Comments on: Payment of Interest on Savings Bank Account on a Daily Product Basis http://www.theorangepaper.com/banks/payment-of-interest-on-savings-bank-account-on-a-daily-product-basis.html Mon, 01 Nov 2010 10:20:37 +0000 hourly 1 http://wordpress.org/?v=2412 By: Arijit http://www.theorangepaper.com/banks/payment-of-interest-on-savings-bank-account-on-a-daily-product-basis.html/comment-page-1#comment-6959 Arijit Tue, 10 Aug 2010 17:56:57 +0000 http://www.theorangepaper.com/banks/payment-of-interest-on-savings-bank-account-on-a-daily-product-basis.html#comment-6959 Hi, So, acc to the guidelines, is it better to park one's money in an RD or in the savings account? For example, if i have to do an RD of 10 K per month, I know i will get 7.4 percent at Axis Bank. But, if I keep my money every month in the savings account itself, will it earn me more interest at the end of 3 years? Arijit Hi,

So, acc to the guidelines, is it better to park one’s money in an RD or in the savings account?

For example, if i have to do an RD of 10 K per month, I know i will get 7.4 percent at Axis Bank. But, if I keep my money every month in the savings account itself, will it earn me more interest at the end of 3 years?

Arijit

]]> By: sudhir Lad http://www.theorangepaper.com/banks/payment-of-interest-on-savings-bank-account-on-a-daily-product-basis.html/comment-page-1#comment-6885 sudhir Lad Sat, 17 Jul 2010 16:17:50 +0000 http://www.theorangepaper.com/banks/payment-of-interest-on-savings-bank-account-on-a-daily-product-basis.html#comment-6885 As per RBI latest guidelines saving interest is calculated on cheque deposited amount or product will be calculated after cheque is passed As per RBI latest guidelines saving interest is calculated on cheque deposited amount or product will be calculated after cheque is passed

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