How do banks calculate interest on your savings a/c? | Savings Account Bank Interest Calculation

#savingsaccount #interestrates #investyadnya #yia

Earlier banks used to pay an interest rate of 4% p.a. against the lowest available balance in the savings account between the 10th and final day of a month. Any deposits happening during this period were not eligible for interest rate calculation of that month, but at the same time, withdrawals during the period were taken into account.

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[susovanbanerjee]

Very good information for all who have savings account in bank

[Souvick_Chatterjee.]

It is applicable in all psu banks, make a separate video on recent bank interest sir.

[GeetaKumari-byml]

please suggest whether ffd is a better option over normal day interest we receive?

[prasadkonnur]

Hi, interest rate will calculated at end of financial year. If we deposit some amount at end of year only. Then interest rate will calculated at the beginning of financial year or only for that month.

[SHIVAMKUMAR-yziv]

Great Video. Is the rule same now in Dec 2022? Asking as this as this is 4 yrs old video.

[medicalgenie]

Helo this was about copying from internet google...
We need the formula ! To calculate

[pawansharma]

Good Informative video out of dumb of videos on the calculation of saving interest. Other Video maker just teaching S.I formula.

[chaitme]

What is the timing for determining EOD balance. What if I debit just at 11:55 AM, would I loose interest of that much amount on that day?

[sunilkumar]

Dear Sir how to calculate interest rate 25k. whats method to calculate interest rate.

[rohit]

Good Video... Though I am also interested in how you arrived at the value of Rs 249.28 Interest? Is this 4% annual interest ?

[upendraprasad]

Sir is the procedure same for calculation of interest on fixed deposits as well?
We in our bank inform the interest calculated by CBS but do not know how manually interest is calculated on RD/ STDR/ TDR. Please let know the procedure for interest calculation of RD / STDR/ TDR as well.
STDR - SPECIAL TERM DEPOSIT RECEIPT. Interest is paid along with principal on maturity.
TDR- TERM DEPOSIT RECEIPT. Interest is paid monthly, quarterly, half yearly as per wish of the customer. If suppose the customer invests for specific number of days say 7 days or 31 days or 45 days or 60 days or 120 days or 180 days or 210 days then also TDR is issued and interest is paid on maturity.
Next comes is RD.
Please let me know the manual interest calculation for these deposit products.

[siddhartharayala]

How idfc bank will give interest can you please help me there are every month we will pay this month interest plus interest for month please tell sir

[dolphinrose]

how did you get 83.3 for interest earned?

[abhishekize]

Are bank savings account monthly compounded or half yearly.

[DKeshavgehlot]

Interest rate kon desite karta hai bank yaa phir RBI

[praveenkumarm]

Please make a video about types of banks

[akshaykambli]

Now after 2011 is this method used by all banks in India???

[knightshade]

hello sir what is an anum? does banks give interest per month for you savings accounts

[vinayrao]

This is 2 years old how relevant is it in 2021

[arkin]

Me and my friend have S.A. in central bank of India, where i has a balance of 97k for the whole month and my friend has 10k. He got credited interest of 400rupees whereas i only had interest of 444!!! can you please explain