Nov 25 2015, 10:38 AM
QUOTE(TANjb @ Nov 25 2015, 10:14 AM)
Help needed .......
Can someone help to explain on Banks that do not pay interest for non-working days.
Non-working days refer to public holiday or weekends?
Thank you
All banks pay on non-working days. Its maturity date on non-working days that is the issue. Nowadays FD maturity date has choice of crediting to CASA or rollover. Rollover instructions, why should bank pay for non-working days ? Previously most banks pay on maturity for non-working days.Can someone help to explain on Banks that do not pay interest for non-working days.
Non-working days refer to public holiday or weekends?
Thank you
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