Manjunath Janardhan Apps
SB Interest Calculator 1.6
"SB Interest Calculator" calculates yourInterest Income on daily basis which helps you to postpone/usecredit card for heavy purchases.Reserve Bank of India (RBI) proposed that payment of interest onsavings bank accounts by scheduled commercial banks would be madeon a daily product basis with effect from April 1, 2010. This meansthat you will earn interest every day!Keeping this in mind, say you need to buy high end 3D LED TV whichcost you Rs 3,39,150 and you do not want to use EMI option and youhave enough balance in your bank and you have credit card.It is advisable to use credit card after billing is done so youshall get 45 days of time (may be lower/higher depending upon yourbank and card) without any interest. So now you would be gaining Rs1,672 for 45 days if the same amount kept in a bank ( assuminginterest rate of 4% ).If you do not have credit card, you can use it to postpone yourhuge purchases or check how much can earn daily!"SB Interest Calculator" helps you to find how much interestamount you can earn based on number of days.
