how much is the DBS savings ac's per day interest ??
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i think it is 1 % . for the amount we have in bank account at end of the day.
Am i right ?
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https://www.desidime.com/discussions/how-much-is-the-dbs-savings-ac-s-per-day-interest?page=1#post_5529320
https://www.desidime.com/discussions/how-much-is-the-dbs-savings-ac-s-per-day-interest?page=1#post_5530350
Considering interest 7% per Annum
Per day interest is = 0.0191780822%
https://www.desidime.com/discussions/how-much-is-the-dbs-savings-ac-s-per-day-interest?page=1#post_5530367
What made you to look for ‘per day interest’ OP? Do you take out the money after one day?
https://www.desidime.com/discussions/how-much-is-the-dbs-savings-ac-s-per-day-interest?page=1#post_5530657
upto 1 lakh – 6% p.a.
above 1 lakh 7% p.a.
divide by 365 to get daily rate
interest is calculated on day end balance and credited quarterly.
https://www.desidime.com/discussions/how-much-is-the-dbs-savings-ac-s-per-day-interest?page=1#post_5531147
So for 2 lakhs. Per day is just 38rs and annually only 14k is given ?!
Will FD gives more amount in lesser time ?? (Say 1 or 2 months)
Or
Mutual funds will be profitable ?!
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https://www.desidime.com/discussions/how-much-is-the-dbs-savings-ac-s-per-day-interest?page=1#post_5531209
Even the bank would have to file for bankruptcy if they gave 1% daily.
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1% per day provide karega to sadak par aa jayega