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RBi Circular on Payment of interest on Saving Bank Account on a Daily Product Basis

Please refer to paragraph 3 (iii) of our directive RPCD.No.RF.Dir. BC.53/D.1- 87/88 dated November 2, 1987, in terms of which interest in the case of savings deposits shall be calculated on the minimum balance to the credit of the deposit account during the period from the 10th to the last day of each calendar month.
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RBI Circular on Payment of Interest on Savings Bank Account on a Daily Product Basis

RBI/2009-10/169 RPCD.CO.RRB.BC.No. 25 /03.05.33/2009-10 Dated : September 24, 2009 Payment of Interest on Savings Bank Account on a Daily Product Basis Please refer to para 2(iii) of the directive DBOD.No.Dir.BC.151/C.347-85 dated December 27,1985, in terms of which interest in the case of savings deposits, shall be calculated on the minimum balance to the credit of the [...]
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RBI circular on Payment of interest on Savings Bank Account on a Daily Product Basis – UCBs

RBI/2009-10/140 UBD (PCB) BPD Cir No. 7 /13.01.000/2009-10 September 01, 2009 Chief Executive Officer of All Primary (urban) Cooperative Banks Dear Sir/ Madam Payment of interest on Savings Bank Account on a Daily Product Basis – UCBs. Please refer to the Directive UBD.DC.102/V.1-86/87 dated June 25, 1987 in terms of which UCBs were instructed that [...]
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