Multiple choice

Ram Kumar opened a savings bank account in State Bank on 4th January of a year and closed the account on 9th November of the same year. Which of the following months will be considered by the bank to credit the interest?

  1. January to October

  2. January to December

  3. January to July

  4. January to November

  5. January to May

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

As per the banking rules, interest will not be credited for the month in which the account is closed.