Common use of Applicable Interest Rates Clause in Contracts

Applicable Interest Rates. In case of Savings Account, interest shall be calculated at the Bank’s prevailing rate subject to the daily required minimum balance on the account being maintained and such interest shall be credited to the said Savings Account on a quarterly basis. In case of ▇▇▇▇ ▇▇▇▇▇▇▇ Account, interest shall be calculated at the Bank’s prevailing rate based on the daily minimum balance of the Account Holder. Such interest will be credited to the Account on a quarterly basis.

Appears in 4 contracts

Sources: General Terms and Conditions, Individual Accounts Terms & Conditions, Individual Accounts Terms & Conditions