I have saving account on SBI and I have a doubt that on which particular date does Bank deposit the interest money on my savings account? Does bank credit the deposit interest amount monthly or quarterly or half yearly or yearly?
when interest is credited to your savings account at your bank?
Almost all the banks credit or deposit the interest rate what you will get quarterly. As for every 3 months your bank will deposit the interest what you are getting on your savings account.
Few of the banks will deposit the interest money half yearly that is 6 months.
I have a bank account in RBL ( Ratnakar Bank limited). I have a savings account in this Bank, I check my bank account statement and I have got interest money on Dec 31st, March 31 st, June 30th, sept 30th.
See I have clearly mention on what all dates the bank is giving my interest money what I have got for the money which I saved in my savings account.
You can also see the three main insurance types and its uses.