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A savings account interest calculator is an easy-to-use online tool that helps you determine the interest amount you can earn on your savings account balance. This calculator is available on the websites of different banks and is usually free to use.
You can use a savings account interest calculator to know the interest you will earn on your savings account balance. A savings account interest calculator is extremely easy to use. You are only required to follow a few simple steps:
Step 1 - Go to the savings account interest calculator page.
Step 2 - Enter the balance in your savings account.
Step 3 - Enter the savings account interest rate of your bank.
Step 4 - Select the tenure for which you want to know your interest earnings.
As soon as you enter these values in a savings account interest calculator, it will display your savings account balance and the interest you will earn in the specified tenure instantly.
The interest rate on a savings account is calculated on the daily balance maintained in it. However, the interest is credited into a savings account only after the end of the quarter. Usually, it is paid on the first day of every quarter except the last quarter.
No. A savings account is the most flexible instrument where you can park your money. You can deposit and withdraw funds from it anytime without incurring any additional charges. The interest on a savings account is calculated on the daily balance, and hence, there is no maturity period. You can keep funds in your savings account for as long as you wish.
Usually, the interest earned on your savings account is credited to it on the first day of every quarter.
The frequency of savings account interest payout may vary from one bank to another.
The interest rate on a savings account is calculated on the daily balance.
The interest on a savings account is usually paid quarterly and credited to the account on the first day of the next quarter.
Banks calculate the interest on a savings account on the daily minimum balance.
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By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.