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Ppf interest rate: PPF interest rate, Su...

In order not to face the anger of bond investors, for the sixth consecutive quarter, the government kept the interest rates on small savings plans unchanged. This means that for the quarter ending December 31, 2021, investors in small savings plans like the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) will continue to […]

RBI Monetary Policy: Inflation Rate, Int...

Ahead of the Reserve Bank of India’s fortnightly August monetary policy tomorrow, August 6, Devanshi Ashar, analyst at Zee Business Research, citing experts, pointed out that inflation rates, liquidity issues and Governor Shakitkanta Das’ comments will be more central to this policy. The central bank’s Monetary Policy Committee (MPC) is expected to issue its decision […]

Small Savings Scheme Rate: PPF, NSC and ...

Good news for bond investors since the government has kept the interest rates on small savings unchanged for the quarter ending September 30, 2021. The announcement was made by the Ministry of Finance via a circular dated June 30, 2021. This is the fifth quarter in a row that the government has maintained interest rates […]

Some thoughts on late fees and default i...

In mortgage loan transactions, lenders usually charge a fee for late payments and additional interest (or default) in the event of default. Late fees are often a percentage (for example, five percent) of the unpaid payment and is intended to compensate the lender for its administrative costs of processing and processing the overdue payment and […]

RBI Monetary Policy Highlights, Pension ...

Monetary policy August 2020: The RBI MPC voted unanimously to maintain the status quo on key rates. Highlights of the RBI’s monetary policy in August 2020: RBI Governor Shaktikanta Das announced today that the repo rate will remain unchanged. The RBI MPC voted unanimously to maintain the status quo on key rates. Shaktikanta Das added […]

Interest Payments, How to Calculate Inte...

Bank term deposits or FDs are fixed income instruments with a fixed rate of return. Bank term deposits or FDs are fixed income instruments that guarantee a fixed rate of return on investments. Bank term deposits should not be confused with corporate term deposits, the returns of which depend on the performance of a business. […]

Interest rate on unclaimed funds with ba...

Unclaimed money in bank savings accounts will earn less interest than before. The interest rate payable by banks to depositors or applicants on the unclaimed amount transferred to the Depositors’ Education and Awareness Fund will be 3.5% simple interest per annum as of July 1, 2018 instead of 4% currently. When an unclaimed amount is […]

Interest rates set to rise for small sav...

Investors in smaller savings plans could get a boost in the next quarter, as government bond yields have risen steadily over the past nine months. This has led to expectations of higher interest rates for the quarter starting April 1. The yield on 10-year bonds has averaged 7.5% since January 1, suggesting that interest rates […]