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If you keep money in the bank, how is the interest? | interest | Bank

If you keep money in the bank, how is the interest?

If you keep money in the bank, how is the interest?

The real answer to this was: How do you get interest if you keep money in the bank?

After you deposit money in the bank, the bank issues a loan to your company or an individual. Suppose you have Rs. 100,000 deposited in your bank account.

  • There is a deposit in your account = Rs. 100,000
  • The bank company / individual who issued the loan = Rs. 100,000
  • The bank charges interest on this loan = 9% to 16%
  • Then the profit of the bank = 100,000 * 16% = 16,000 rupees

Without capital, the bank made an income of Rs 16,000 by lending your savings to someone else. If you have assets of Rs 500-1000 crore, you can also apply to start an interest business. Then why the delay

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