Asked in Kotak Mahindra Bank
How is interest calculated on savings accounts?
AnswerBot
2y
Interest in savings account is calculated based on the account balance and the interest rate.
Interest is calculated on the daily or monthly balance of the account.
The interest rate is set by the bank ...read more
Suneelkumar Kumar
1y
Interest in saving account is calculated based on the account balance and the interest rate
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