Employee Provident Fund (EPF) is one of the main (if not only) sources of funds for retirement for a majority of the working/salaried class of India. So, a rate cut here means, millions of Indias salaried people are going to be adversely affected. A rough estimate puts around 5 crore or more workers throughout India will be affected by this Rate Cut
Buddy Loan is renowned for its approval rate. Over 80% of approvals are personal loans that meet the eligibility criteria at Buddy Loan. In most cases, you will find that the interest rate is a matter of objection for heavy pay-outs and longer tenures. But at Buddy Loan, you can choose a lender and customise the tenure and EMI based on your income.
The different types of banks in India are:Commercial BanksInvestment BanksRetail BanksWholesale BanksRural Banks
What is Australian Dollar Selling rate in India?
You have confused between the terms. Simple interest and interest at flat rate is one and the same. The other type of interest is diminishing balance or reducing balance. These are interests associated with loans or finances sought. Well a simple rule of thumb is that usually simple interest rate is about half of rate on reducing balance. For e. g. if rate at reducing balance is 12% then simple interest for the same will be around or just more than 6%
idiot dumbo......... you dont know it........... look in the map loser
Starting April 2012, the rate of interest will be 8.25% instead of the 9.5% that was offered so far
The interest rate does affect aggregate demand. As the interest rate falls, aggregate demand increases and vice-versa.
how interest rates affect the sa economy
8%
Your credit score can possibly affect your interest rate when you apply for home financing. If you have a low credit score, you are considered a higher risk to the bank, and therefore, they may raise your interest rate.
If your interest is high then the money remain with you will be low to support your need. On the contrary you will be left with more money if the interest rate is low.
According to the Bank of India, the current bank base rate 8.50% as of 7 October 2010.
There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year
SBI (State Bank of India) offers personal loans as one of their products. The interest rate on a personal loan from SBI (State Bank of India) depends on the applicants credit, amount borrowed, and collateral. Personal loans are calculated at a 9.75% base interest rate.
In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
interest rate
The interest rate.