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do banks give us interest even for the money that we only had briefly in our account?
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ditto @michaelborgwardt just to get concrete: i just checked one bank in india and they say they are paying 4% on savings accounts. i don't know what you're getting or if 4% is typical in india, but it's at least an example. so if the bank pays interest based on average daily balance, and you left the money in the bank for a week, you'd get 4%/52 = .077%. so on rs 95,000 that would be rs 73. i live in the us where typical interest on a savings account today is about 1%. so an equivalent amount of money -- i think that would be about $1,500 -- would get 1/52 of 1%, or 29 cents.  don't leave the lights turned on while you do the calculations -- you'll spend more on the electricity than you make on the interest. :-) ** addendum ** this suddenly reminds me ... i read a news story a few years ago about a man who was expecting a tax refund check from the irs of a few hundred dollars, and when the check arrived it was for several million. well obviously it was a mistake. but he came up with the clever idea: deposit the check in an interest-bearing account. promptly contact the irs, inform them of the mistake, and ask how and where to go about returning the money. hope that it takes at least a few days for them to figure everything out. then keep the interest accumulated on the several-million dollars for the time that he had the money. and as he contacted them immediately about the error, they can't say he was trying to hide anything. it was a nice try, but it didn't work. they demanded he send them the interest as well as the principle.
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