Now your bank savings account pays an interest rate of four per cent . A little before RBI banks on savings account interest rates set according to your convenience is allowed . Subsequently, some banks offer interest rate is 6 or 7 per cent .
Above this minimum amount of bank deposits alters . Depending on the duration of the FD is given the benefit of the interest rate . However , eight per cent interest on the amount that would auto -sweep .
You also have the features that you need , can cash out of their own free will . Auto reverse sweep says . FD is broken in the process, and your money goes back into normal savings account .
Assuming that you've put a million bucks a year in savings account . Four per cent interest rate on your interest throughout the year, making 4,000 bucks. Ie a total of Rs 7,200 as against the normal interest rate is 80 per cent more money .
This feature Ankas 24 Axis Bank , Union Bank, Union Flexi Deposit Scheme , Super Saver facility in HDFC Bank , State Bank of India is known as the Multi Option Deposit Account .
Above this minimum amount of bank deposits alters . Depending on the duration of the FD is given the benefit of the interest rate . However , eight per cent interest on the amount that would auto -sweep .
You also have the features that you need , can cash out of their own free will . Auto reverse sweep says . FD is broken in the process, and your money goes back into normal savings account .
Assuming that you've put a million bucks a year in savings account . Four per cent interest rate on your interest throughout the year, making 4,000 bucks. Ie a total of Rs 7,200 as against the normal interest rate is 80 per cent more money .
This feature Ankas 24 Axis Bank , Union Bank, Union Flexi Deposit Scheme , Super Saver facility in HDFC Bank , State Bank of India is known as the Multi Option Deposit Account .
No comments:
Post a Comment