8%
According to the Bank of India, the current bank base rate 8.50% as of 7 October 2010.
The present rate is 10.30% ( floating ) valid till 31st March 2014.
The rate of discount set by a central bank
BANK RATE--- bank rate is rate which is used for lending or borrowing in call money market (One bank lends to or borrows from other banks for intra day) PLR-- Rate is benchmark rate for banks.
wat s bank present rate of interest? 6%
8%
According to the Bank of India, the current bank base rate 8.50% as of 7 October 2010.
The present rate is 10.30% ( floating ) valid till 31st March 2014.
$7,903.50 if the intrest rate is 4% (A high bank intrest rate percentage)
A bank rate is the rate at which a central bank charges interest when it lends money to another bank.
A bank rate is the rate of interest that is charged or paid by a bank on a balance of debt or credit. A bank rate calculator allows an individual to enter an amount and a bank rate, and see the impact of that rate against the balance.
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%.
They are not legal tender in the US but can be exchanged at a bank for US currency at the present exchange rate.
The rate of discount set by a central bank
BANK RATE--- bank rate is rate which is used for lending or borrowing in call money market (One bank lends to or borrows from other banks for intra day) PLR-- Rate is benchmark rate for banks.
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.