Interest, Savings, Bank accounts: Banknet India


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Name :	Jaikumar
Subject:	Interest in Savings Account
Message :	Interest on Savings Bank A/c is based on Minimum Balance in the account between 10th and last day of the month. In view of this if the a/c is opened on 12th it does not get interest for that month. If the a/c is opened on 5th it does get interest based on the minimum balance between 10th and last day of the month.