I wanted to know as to how do Bank calculate daily balance interest chargeable on Cash Credit Accounts, i.e. whether Average, Highest, lowest, Weighted Average etc.
Menu
Interest on Cash Credit
Replies (1)
ON DAILY CLOSING BALANCES DAILY INTEREST IS CHRGED FOR 1 DAY AND ACCUMULATED AND DEBITED ON A MONTHLY BASIS.
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
