SBI savings bank quarterly interest - credited on 25th of month question

141°
Critic
Budhe-Baba
We all know that SBI credits quarterly interest in savings bank account on 25th of month.

But for the Jan-Mar period, should we consider interest credited on 25-Mar or 25-Jun? Description does not mention period.
16 Comments  |  
9 Dimers
  • Sort By
Deal Subedar Deal Subedar
Link Copied

I think sbi credits interest twice in a year only. i.e. 25th june and 25th december.

Flame Flame
Link Copied

4 times in a year @fkaz . 25 March, 25 June ,25 Sep, 25 Dec. Analyzed last 2 year statements

I think there quarter begins from 26 Dec till 25th March. 

Generous Generous
Link Copied

Just download interst statement and use that amount in itr

Benevolent Benevolent
Link Copied
How to download from sbi net banking?
View 1 more reply
Deal Lieutenant Deal Lieutenant
Link Copied

Did you tally it with AIS report? Go by what's reported by bank to IT as per AIS

Benevolent Benevolent
Link Copied
download the interest certificate from netbanking, there you will see interest paid & accrual.
these two combined will be your full interest received.
cross verify this amount with your AIS report.
Critic Critic
Link Copied
One of my bank account is completely missing in AIS and there is no entry in AIS for that bank. And there are some small FDs and saving account balance in that bank. So what to do? 
View 7 more replies
Deal Subedar Deal Subedar
Link Copied

It's 25th of the last month of the quarter. For Jan - Mar, the interest will be credited on 25th Mar.

replyuser
Click here to reply
Reply