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Your savings account will earn daily interest
At present, the interest is calculated on the minimum balance held in the account from the 10th of each month to the last day of that month. So, if a bank customer has Rs 1 lakh in his savings account one day and then Rs 100 another day, the minimum balance taken for calculation of interest in the period would be Rs 100. But, from April 1, 2010, the interest will be paid on the daily minimum balance. This means even the Rs 1 lakh balance will earn the customer interest.
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10 power words for your CV
The basic purpose of these words is to demonstrate your hold of a particular situation and the actions you took to achieve a result or come out of a situation.
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'It's very important India has a strong govt'
'We are at a very critical time in our history, partly because of India's growth in the last five years. We don't want to lose the momentum and partly because there is such a serious global financial crisis,' Sam Pitroda tells Aziz Haniffa.
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