@NamanGupta
What if I withdraw on say 24th 2 pm and deposit 26th 11 am.. then interest calculation will be for how many days?
Again, if I deposit on 26th 4 pm instead of 11 am then?
2 or 3 days in both scenarios or their will be differences?
(Assuming I am transacting using UPI)
I am not sure. But someone was mentioning few banks don't charge if you return the money by EOD just like sweep in fd.
You need to check tnc of your particular Bank.
They sure don't calculate on 24hr basis. So both case will be charged for 3 days.
They do not have any hourly calculation they work by date