Interest calculation method a. Interest is calculated in 365 days per year. Interest amount payable by the Bank per interest period is calculated under the formula as follows (=)∑ (Actual balance multiplying by (x) The number of days of actual balance maintenance multiplying by (x) Interest rate for interest calculation) divided by (/) 365, where:
(i) Actual balance is the balance at the end of the date of interest calculation for deposit balance payable by the Bank to the Customer, for interest calculation under agreements in these Terms and conditions and legal provisions.
(ii) The numbers of days of actual balance maintenance is the number of days that actual balance at the end of each day remains no change.
(iii) Interest rate for interest calculation is applicable to Deposits under the Deposit agreement or interest rate of early withdrawal under agreements between the Bank and the Customer in case of early deposit repayment. Interest rate for interest calculation is calculated in percentage per year, including 365 days.
b. For each deposit, in case the period from the time that the Bank receives deposit to the time that the Customer withdraws deposit is less than one day, interest period and the number of days of actual balance maintenance for interest calculation is 01 (one) day and actual balance for interest calculation is balance at the end of the day during interest period. In case the Customer deposits and withdraws in the same business day, the Customer shall be entitled to no interest.
Interest calculation method interest amount is calculated on the basis of actual outstanding principal amount and loan term. Interest rate is determined on the basis of one year with 365 (three hundred and sixty five) days.