POSTED BY September 12, 2012 8:45 pm COMMENTS (2)ON
Today i found out an interesting article in Firstpost.
Based on my knowledge, I understand that daily interest is better thans monthly Interest. Am i right?
Do we have Daily Interest Calculations facility in Indian Banking System?
Below link is from Malasian country website.
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2 replies on this article “Daily Interest Vs Monthly Interest”
Thanks for the valuable Information.
Dear Sekhar, Earlier i.e. some 10-12Y ago the loans were yly rest. Then came the mly rest & now almost all banks are offering loans on daily rest basis.
So feel easy.