Important Notice on SB Interest Calculation Period and Credit Date

This is to inform all that the interest credit in SB account stands modified as tabled below:

Current SB Interest Calculation Period	Existing Interest Credit Month	Revised SB Interest Calculation Period	Revised Interest Credit Month
March, April, May	June	April, May, June	July
June, July, August	September	July, August, September	October
September, October, November	December	October, November, December	January
December, January, February	March	January, February, March	April

With this modification, Interest will be credited in SB accounts as follows:

SB interest credit for the months of March, April & May will be initiated from 4th of June Onwards and will be completed by 10th of June 2024.
SB interest for the month of June 2024 will be credited in July 2024.
Thereafter the SB interest will be credited in the Financial Year Quarter. (as explained in above Table 2)
The SB interest credit cycle is set in such a way that all the SB accounts will receive the interest credit in the first 10 days of the interest credit month.

Requesting your continued patronage and understanding