2024 Profit Distribution
Profit Distribution
Calculation of Profit Distribution
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The Profit Distribution Calculation for the year 2024 remains the same as the previous year, which is based on the average monthly lowest balance maintained throughout the year.
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The calculation formula for the 2024 Profit Distribution is as follows:
Average Monthly Lowest Savings Balance x 3.25% = (Lowest savings balance each month from January–December 2024 / Number of Months) x 3.25%