A quick question deserve a quick answer!quick question for those who have done this before:
say my ADB in July is 0, in Aug is 100K, will the bonus interest be paid for Sept too or just for Aug? Thanks!
You will get BI for both Aug and Sept if you continue to keep the 100k deposited in Aug till end Sept, even if there are movements during the mth of Aug and Sept.
There is another component of "bonus interest", ie 1%pa which is only paid on incremental ADB for Aug as compared to July, and for Sept as compared to Aug if there is any incremental ADB. (this is subject to a separate tnc which you have to comply!)
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