Savings Interest Payment on Daily Balance
Posted in: India, Money, Personal | Comments (0)
Here’s another happy news for Indians. As per RBI (Reserve Bank of India) notification, effective April 1, 2010 – start of the new financial year – all (scheduled commercial) banks are now required to pay interest to savings accounts on a daily product basis (daily balance). Until March 31, 2010, the interest used to be calculated on the minimum balance held between 10th and the last date of the month.
The account will still be credited once every six months – only the calculation method will change. Though it looks as if there will be gains to account holders – it may not be very substantial as most of the saving accounts are salary accounts whose pattern of withdrawal is not going to change, so they will gain only marginally.
Here’s a Spreadsheet to calculate savings account interest in scheduled commercial banks in India. Just input/change the withdrawals and deposits values and get the scenario for both old method and new method in this free savings account interest calculator.
Please be advised to check the downloaded file thoroughly with any antivirus program and/or malware scanner before using it. We cannot be held responsible for any malware attaching itself to our file in the download process. Please download and use at your own risk. We disclaim all responsibility for your usage of the file.
admin @ April 1, 2010
Education becomes fundamental right in India
Posted in: Education, India | Comments (0)
http://www.ddinews.gov.in/Homepage/Homepage – Top Story/pm.htm.
This is one of the major news item of April 1, 2010. Education becomes a fundamental right in India. Nearly 10 million children (irrespective of gender and social category) in the age group of 6 to 14 years are expected to benefit from this right.
admin @ April 1, 2010
Google Search – April 1 fun – fools day hoax
Posted in: Trivia | Comments (0)
saving nature – Google Search.
The Google search fun on April 1 – fools day hoax (not a hoax really) is on. Every time you search something, the time taken for the search is shown on different scales like:
1.13e-15 epochs
0.30e+43 Planck times
2.00 shakes of a lamb’s tail
67.36 jiffies
at 3.96 hertz
11.90 parsecs
Wow! This really is fun. Thank you Google.
admin @ April 1, 2010
Google fools day hoax
Posted in: Trivia | Comments (0)
Google. April 1st – Fools day hoax.
I returned time and again to both google.co.in and google.com – I don’t see anything yet! The hoax of 2010 seems to be that there is no hoax…LOL or will it be up at pacific time?
admin @ March 31, 2010
