Which of the following methods is being adopted by Banks for calculating and applying interest on Savings Bank accounts?



[ A ]    On monthly products based on minimum balance between 10th and last working day.
[ B ]    Daily balance is counted and interest is paid accordingly right
[ C ]    On average quarterly balance.
[ D ]    On average half yearly balance.
[ E ]    None of the above.
Answer : Option B
Explanation :
500
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