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I assume you are referring to which bank in India gives 10% interest. The answer for that is None. In most cases, banks offer an interest of around 8 to 9% per year with an additional 0.5% for senior citizens. Given the current economic scenario outside, I don't think any bank is offering 10% rate of interest. But, you can check websites of the banks to see if any of them is offering 10% just to be doubly sure.
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∙ 10y ago
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Do all deposits gain interest?
Not all deposits gain interest. Deposits to a savings account in a bank usually earn interest. Security deposits sometimes earn interest depending on where you reside. Deposits into investments will earn interest and the rate depends on the state of the economy and the financial markets.
X deposits Rs 100000 in the bank annually If the bank has a policy of continuous compounding and the prevailing interest rate is 11.5 percent how much would his deposit grow upto in 2years?
100000
What is the difference between cetificate Deposits and Time Deposits?
They both refer to the exact same thing. It is just two different terms by which we are referring to this deposit product. In this, a customer deposits a lump-sum amount with the bank for a fixed amount of time at a fixed rate of interest. In return, the bank gives a certificate to the customer which he/she can surrender after the stated time in return for the invested amount + interest. They are called Time Deposits, Certificate of Deposit, Fixed Deposits etc.
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.
What is interest rates on deposits?
As far as I know, it depends on what kind of deposits your going into it and bank offer. You can check your nearest bank on their interest rates. Some bank offer a little low some a little high, I believe there's a standard bracket for rates.
Is there a bank that adds your account ten percent every 10 months?
No. No bank provides such unrealistic interest on our deposits.
Do all deposits gain interest?
Not all deposits gain interest. Deposits to a savings account in a bank usually earn interest. Security deposits sometimes earn interest depending on where you reside. Deposits into investments will earn interest and the rate depends on the state of the economy and the financial markets.
If two banks offer risk-free interest rates on both savings and loans but one is 5.5 percent and the other is 6 percent what arbitrage opportunity is available?
Arbitrage OpportunityArbitrage opportunity is any situation in which it is possible to make a profit without taking any risk or making any investment. The arbitrage opportunity that is available is to borrow from the bank with 5.5 percent interest and deposit it in the one with 6 percent interest. And this would happen: While the bank with 5.5 interest would experience a demand for loans, the bank with 6 percent interest would experience a surge in deposits. As a result, the interest rate at the first bank would increase while the interest rate at the second bank would decrease.
X deposits Rs 100000 in the bank annually If the bank has a policy of continuous compounding and the prevailing interest rate is 11.5 percent how much would his deposit grow upto in 2years?
100000
What is the difference between cetificate Deposits and Time Deposits?
They both refer to the exact same thing. It is just two different terms by which we are referring to this deposit product. In this, a customer deposits a lump-sum amount with the bank for a fixed amount of time at a fixed rate of interest. In return, the bank gives a certificate to the customer which he/she can surrender after the stated time in return for the invested amount + interest. They are called Time Deposits, Certificate of Deposit, Fixed Deposits etc.
Will 1 percent be put on all bank deposits and withdrawals?
Not at any bank I'd bank at it won't.
How can a bank expand the money supply if someone deposits 5000 in a demand deposit in that bank and the bank has to maintain a 5 percent reserve?
the bank will have to reduce their interest rate in order to attract people to make more withdrowals and also contrac loans
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.
What is interest rates on deposits?
As far as I know, it depends on what kind of deposits your going into it and bank offer. You can check your nearest bank on their interest rates. Some bank offer a little low some a little high, I believe there's a standard bracket for rates.
What is a bank interest?
An interest is where the bank gives you their money for joining them. The more money you put in the bigger interest is given to you!
How does a bank make most of its profit on its business?
By paying out less in interest on deposits than it earns in interest on loans
How does a bank make most of its profits on its business?
By paying out less in interest on deposits than it earns in interest on loans
