FEDERAL SAVINGS BANK ACT

Section 8: Rate of interest

1972Section 8 of 23Federal Republic of Nigeria

(1) Interest shall be payable at such rate as the Minister may, from time to time, direct.
(2) Interest on deposits shall be calculated up to 31 March in every year and shall then be added to and become part of any principal money remaining on deposit.

Cite this section

Section 8, FEDERAL SAVINGS BANK ACT (1972).

https://repo.podus.ai/laws/federal-savings-bank-act/section/8/