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Average balance in a savings bank account: 5 things to know

Average balance in a savings bank account: 5 things to know [ad_1] 1.An account holder is required to maintain a certain minimum balance in his account over a certain period. This amount is termed as average balance.2.Average balance is calculated as the sum of the daily closing balances for a period divided by the number of days in that period.3.Banks ...

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bank fd interest rates: Bank FD offers 8.5% interest: Which is the right amount to invest that will be fully safe?

bank fd interest rates: Bank FD offers 8.5% interest: Which is the right amount to invest that will be fully safe? [ad_1] Fixed deposit (FD) investors are a happy lot thanks to rising interest rates. Back-to-back repo rate hikes by the Reserve Bank of India (RBI) since May 2022 to fight against inflation, have pushed banks to increase interest rates ...

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