answersLogoWhite

0

What is present bank rate of interest?

Updated: 9/18/2023
User Avatar

Madhupaisa

Lvl 1
13y ago

Best Answer

8%

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is present bank rate of interest?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is bank rate?

wat s bank present rate of interest? 6%


What is present bank rate of interest in India?

According to the Bank of India, the current bank base rate 8.50% as of 7 October 2010.


What are the present Australian interest rates?

The present Australian interest rates from major lenders vary between 4.5% and 6%. For example, the Interest Rate for Commonwealth Bank is 4.61%, while the interest rate for Suncorp Metway is 5.79%.


What is the rate of interest of housing loan from bank India?

The present rate is 10.30% ( floating ) valid till 31st March 2014.


What is a bank interest rate?

A Bank interest rate may refer to two things with respect to banking functions. a. Deposit Interest Rate - This is the rate the banks offer to their customers for depositing money with the bank b. Loan Interest Rate - This is the rate of interest banks charge the customers who wish to borrow money from them through loans. Both rates will differ from bank to bank


What is a bank rate?

A bank rate is the rate at which a central bank charges interest when it lends money to another bank.


What is the best interest rate?

Technically, the best interest rate is 0% interest but since no bank offers this the bank's best interest rate is 2.6%. Make sure to compare different bank rates before applying for a loan.


Why can a bank afford to pay an interest rate on a savings account?

because the bank lends money out at a higher interest rate


What is the present interest rate on saving bank account by rbi?

RBI does not give savings accounts. It is the banker of banks or the central bank of india. Regular banks in india will offer you savings accounts and the interest rate offered currently is 4% per annum.


What is the standard interest rate on an interest bearing checking account at Chase bank?

The standard interest rate on an interest bearing checking account at a Chase bank is 0.01%. They have a variety of checking accounts with the same interest rate or less.


Interest rate gold lone icici bank?

interest rate for jewell loan


What is the bank interest rates?

A Bank interest rate is the rate of interest that the bank would offer us for having our deposits with them. For example: If a bank offers a 8% interest on a one year Time deposit, then if you deposit $1000 with them, you will get $80 as interest at the end of one year.