Computers. to send an echo-request packet to (an IP address) and use the echo reply to determine whether another computer on the network is operational and the speed at which the data is being transferred. 3.
A savings account is the most basic type of bank account and is used by individuals (singly or jointly) to park money for carrying out various day-to-day financial transactions. These accounts do not have any maturity or end date, unless the customer specifically requests for a closure. Interest rates: Savings accounts give interest on the money deposited in them. The interest is calculated on the minimum balance kept in the account on a daily basis. But the interest earned on these accounts is not paid out quarterly instead of monthly. The interest rates applicable on these accounts vary from bank to bank. Earlier, the savings account rates were regulated by RBI at 4%. But after de-regulation in 2011, banks are now free to offer their own rates.
The interest amount will be added to the deposit account when the interest is payable on maturity along with principal amount The interest amount will be credited to the operative savings account when the interest is payable on quarter basis and the principal is only paid on maturity to the depositor. As such, interest payable (Interest paid) will never appear in the balance sheet