Post-maturity interest: simple interest at prevailing savings account rate allowed from maturity and paid lump sum on repayment. Post-maturity interest is payable as simple interest from the date of maturity to the date of repayment, calculated at the rate applicable to savings ... Summary
Post-maturity interest: simple interest at prevailing savings account rate allowed from maturity and paid lump sum on repayment.
Post-maturity interest is payable as simple interest from the date of maturity to the date of repayment, calculated at the rate applicable to savings accounts of the relevant single or joint account type; fractional parts of a month are ignored and the interest is paid to the depositor in a lump sum at repayment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
