Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do the funds in an IIM account earn interest?

April 26, 2017account earn funds iim

0

Posted

Do the funds in an IIM account earn interest?

1 Answer

0

Posted

Yes. If funds are held in an account for more than one day, they are invested and earn interest. The rate of interest on trust accounts changes based on how the money is invested and how those investments perform.