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  9. Q127

IBPS PO 2011 · Question 127 of 237

Interest on savings bank account is now calculated by banks on

  1. Aminimum balance during the month
  2. Bminimum balance from 7th to last day of the month
  3. Cminimum balance from 10th to last day of the monthCorrect
  4. Dmaximum balance during the month
  5. Edaily product basis;

Answer: C. minimum balance from 10th to last day of the month

Official answer key verified. Detailed explanation coming soon.

Source: IBPS Common Written Exam PO/MT September 2011 (exampapers247 PDF compilation) · reliable-secondary

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