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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
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What is the personal loan interest rates in India?
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.
What is the rate of interest for different types of bank accounts in India?
The different types of banks in India are:Commercial BanksInvestment BanksRetail BanksWholesale BanksRural Banks
What is the Australian dollar currency selling rate in India?
What is Australian Dollar Selling rate in India?
How do you compare Diminishing Interest to Float Interest?
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%
What is India's literacy rate as of 2009?
idiot dumbo......... you dont know it........... look in the map loser
What is the rate of interest on Employee Provident Fund Contributions in India now?
Starting April 2012, the rate of interest will be 8.25% instead of the 9.5% that was offered so far
Why interest rate has no affect on the aggregate demand?
The interest rate does affect aggregate demand. As the interest rate falls, aggregate demand increases and vice-versa.
How interest rate affect the sa economy?
how interest rates affect the sa economy
What is the rate of Risk-Free interest in India?
8%
What is the formula for calculating compound interest with monthly contributions in Google Sheets?
The formula for calculating compound interest with monthly contributions in Google Sheets is: FV(rate, nper, pmt, pv).
How interest rate affect households?
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.
Does your credit score affect the interest rate when you apply for home financing?
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.
How does an adjustable rate mortgage work and what factors can affect the interest rate adjustments?
An adjustable rate mortgage (ARM) is a type of home loan where the interest rate can change periodically based on market conditions. Factors that can affect the interest rate adjustments include the index rate, the margin set by the lender, and any caps or limits on how much the rate can change.
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 is the interest rate on unrecognized provident fund?
There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year
What is the interest rate on the sbi personal loan?
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.
What is the rate of interest in savings account?
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
