Half Yearly Savings Account Interest Payout Cycle

The interest on savings bank account will be calculated on a daily product balance basis and will be paid out at half yearly rest with effect from 1 October 2010. For the period after 1 October 2010, savings account interest for the half year from April to September would be credited in the following month of October and interest for the half year from October to March would be credited in the following month of April.