Last updated: 21 August 2026
The Method
Har din ke balance ka average → daily rate (APR/365) se interest. Formula: ADB × Daily Rate × Days.
Example
| Days | Balance |
|---|---|
| 1-10 | ₹0 (paid full) |
| 11-20 | ₹20,000 |
| 21-30 | ₹15,000 |
| ADB | (0+20000+15000 avg) ≈ ₹11,667 |
Interest = 11,667 × 0.115% × 30 ≈ ₹402
Why Matters
Earlier payment = lower average daily balance = less interest. Mid-cycle payment smart hai.
Frequently Asked Questions
Q: How calculated?
A: Daily balances ka average → daily rate.
Q: Does mid-month payment help?
A: Haan — kam ADB, kam interest.
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