Daily Interest Vs Monthly Interest

Dear Jagoinvestors,

 

Today i found out an interesting article in Firstpost.

http://www.firstpost.com/investing/why-daily-rest-is-better-than-monthly-rest-for-your-loan-452976.html

 

 

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.

Monthly Rest Vs. Daily Rest Interest Calculation

See more

 

 

Thanks,

Sekhar