Tag: interest

  • Property Tax : 30% rebate on property tax interest, big relief to the people of Haryana including Gurugram, Faridabad.

    There is nice information for the people of Haryana. Manohal Lal Khattar authorities has given big relief to the people concerning property tax. 30% rebate has been given in the curiosity quantity on depositing property tax by thirty first July. At the similar time, camps may even be organized to enhance property tax information in order that people don’t face any drawback.

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    There is relief information for these paying property tax arrears or curiosity on it. On the orders of the Haryana Government, the Urban Local Bodies Department has now diminished the curiosity rebate on tax to 30 %. Earlier this low cost was ten %. People can take benefit of this until thirty first July. Earlier there have been three lakh 50 thousand property IDs in the Municipal Corporation space. Now their quantity is round 5 lakh ten thousand. Municipal Corporation’s ZTO Headquarters Gulshan Saluja stated that the rebate on curiosity has been elevated from ten % to thirty %. Camps may even be organized for information enchancment.

    Earlier the exemption in curiosity on property tax was 10 %. The authorities has elevated the curiosity rebate by 20 %. This will present nice relief to all sections of people dwelling in city areas. Citizens who’ve excellent property tax can avail the advantages of this authorities scheme by depositing property tax.

    Haryana authorities began marketing campaign
    Giving info on this regard on Thursday, the Urban Local Bodies Department stated that property tax in Haryana has now develop into fully stream line. The authorities is making publicity to be sure that most quantity of people get the profit of 30 % rebate in property tax curiosity quantity.

    Appeal to accumulate most tax
    The authorities appealed to the common public to make the defaulters conscious and encourage them to deposit property tax in order that they’ll avail the advantages of this scheme of the authorities. People who’ve excessive property tax excellent ought to deposit their property tax as quickly as doable in order that the Municipal Corporations and Municipal Council can get cash for improvement works.

    Property tax information correction camps shall be organized
    Property tax information enchancment camps shall be organized on Saturday, July 1 and Sunday, July 2. The Municipal Corporation has ready a schedule for this. In Zone-1, camps shall be organized on July 1 at locations like Geeta Bhawan New Colony, Plot No. 511 Pace City-2 and so on.

    Similarly, on Sunday, July 2, information enchancment shall be achieved by establishing camps at many locations including Outgoing Councilor Office Heera Nagar, Outgoing Councilor Office Nehru Lane, Corona Society Sector-37C and India Bulls Centrum Park Sector-103.

    LPG cylinder Price : ₹300 low cost on LPG cylinder from April 1, crores of people benefited, test particulars

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  • PPF Interest Rate : Government issued update on PPF-Sukanya Samriddhi, notification will be applicable from April 1

    PPF Interest Rate: According to the notification issued by the Finance Ministry for the primary quarter of the brand new monetary yr, the rates of interest of small financial savings schemes have been introduced. According to the notification, these charges will be applicable until June 30, 2024.

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    Small Saving Schemes Interest Rate: If you additionally put money into Small Saving Schemes run by the federal government, then this information is beneficial for you. The authorities introduced on Thursday that there will be no change within the rates of interest on numerous small financial savings schemes from the brand new monetary yr i.e. 1 April 2024.

    In the notification issued by the Finance Ministry, it was stated that the charges will stay the identical for the primary quarter of the brand new monetary yr beginning from April 1, 2024 and ending on June 30, 2024.

    Notification will come into impact after three days

    The rates of interest within the first quarter of the brand new monetary yr will stay the identical as they had been for the fourth quarter of the monetary yr 2023-24 (1 January 2024 to 31 March 2024). According to the notification issued by the Finance Ministry, an rate of interest of 8.2 % will be accessible on the quantity deposited underneath Sukanya Samriddhi Scheme . It will stay the identical as earlier than. Apart from this, the rate of interest on three-year FD will stay at 7.1 % as earlier than.

    Investment will mature in 115 months.
    Apart from this, the rates of interest for PPF and Post Office Saving Scheme, favourite of crores of buyers, will additionally stay the identical as earlier than at 7.1 % and 4 % respectively. The rate of interest on Kisan Vikas Patra has additionally been maintained at 7.5 %.

    Investment on this authorities scheme will mature in 115 months. Apart from this, the rate of interest on National Savings Certificate (NSC) for the April-June 2024 quarter will stay the identical at 7.7 %.

    Like the present quarter, buyers will get the good thing about 7.4 % rate of interest on Monthly Income Scheme. The rate of interest on small financial savings schemes is notified by the federal government each quarter on the premise of overview. These schemes are primarily operated by the publish workplace.

    Bank Holiday Cancelled: Big News! Banks will stay open even on Saturday-Sunday, inventory market will stay closed for thus many days

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  • Bank Personal loan : Cheapest personal loan available in these 10 banks, check interest rate and charges

    Many occasions we abruptly want cash. Then a personal loan appears to be the simplest possibility. Banks give this loan with none safety. However, a very powerful factor in that is the interest charges and processing charges. Here we’re telling you concerning the interest charges and processing charges of 10 banks.

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    People usually take personal loans for his or her minor wants. This is a loan that doesn’t require any form of collateral or safety. This loan is given to an individual on his credit score. It requires minimal paperwork. This loan can be utilized for any monetary want. Like every other loan, a personal loan must be repaid as per the agreed phrases.

    Personal loans are repaid in month-to-month installments (EMIs). Through auto debit mandate, the month-to-month installment will be instructed to be immediately debited. If there’s an alternate checking account, this may be executed by way of NACH mandate. Generally, EMI will be made for a couple of months or a couple of years.

    Charges could apply for foreclosures

    Some banks let you prepay or foreclose your personal loan after fee of at the least one EMI. However, charges (and taxes) are relevant for foreclosures of a personal loan. Banks take many issues into consideration whereas calculating interest charges on personal loans. It usually depends upon the credit score historical past of the individual taking the loan. The higher the credit score historical past, the extra probabilities there are to get loans at engaging charges. Here we’re telling you concerning the interest charges on personal loans of 10 banks. This will show you how to make comparisons earlier than taking a personal loan.

    Personal Loan Rates and Charges (March 2024)

    Name of lender Rate of interest EMI(Rs)Loan quantity – 5 lakhsTenure – 5 years EMI(Rs)Loan quantity – 1 lakhTenure – 5 years processing charge(% of loan quantity)
    HDFC Bank Starting from 10.50% Starting from Rs 10,747 2,149 as much as Rs 4,999
    Tata Capital Starting from 10.99% 10,869 2,174 as much as 5.5%
    state Bank of India 11.15%-15.30% 10,909-11,974 2,182-2,395 Zero
    ICICI Bank Starting from 10.80% 10,821 2,164 as much as 2.50%
    Bank of Baroda 11.05%-18.75% 10,884-12,902 2,177-2,580 Up to 2% (minimal Rs 1,000 and most Rs 10,000)
    Axis Bank Starting from 10.49% 10,744 2,149 as much as 2
    Kotak Mahindra Bank Starting from 10.99% 10,869 2,174 as much as 3
    Canara Bank 10.95-16.40 10,859-12,266 2,172-2,453 0.50% (most 2,500)
    Punjab National Bank 10.40-17.95 10,772-12,683 2,144-2,537 as much as 1%
    HSBC Bank 9.99-16.00 10,621-12,159 2,124-2,432 as much as 2

    EMI is a vital a part of the loan. This is the intermittent installment quantity that you just pay to repay your loan. There are three components that determine your EMI. These embody loan quantity, interest rate and loan tenure.

    Credit Card Fees: Visa and GraspCard deal, bills of bank card customers could cut back

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  • Bank Personal loan : Cheapest personal loan available in these 10 banks, check interest rate and charges

    Many occasions we instantly want cash. Then a personal loan appears to be the simplest possibility. Banks give this loan with none safety. However, an important factor in that is the interest charges and processing charges. Here we’re telling you in regards to the interest charges and processing charges of 10 banks.

    – (*10*) –

    People usually take personal loans for his or her minor wants. This is a loan that doesn’t require any sort of collateral or safety. This loan is given to an individual on his credit score. It requires minimal paperwork. This loan can be utilized for any monetary want. Like every other loan, a personal loan must be repaid as per the agreed phrases.

    Personal loans are repaid in month-to-month installments (EMIs). Through auto debit mandate, the month-to-month installment may be instructed to be straight debited. If there’s an alternate checking account, this may be executed by NACH mandate. Generally, EMI may be made for a couple of months or a couple of years.

    Charges might apply for foreclosures

    Some banks assist you to prepay or foreclose your personal loan after cost of at the least one EMI. However, charges (and taxes) are relevant for foreclosures of a personal loan. Banks take many issues into consideration whereas calculating interest charges on personal loans. It usually is dependent upon the credit score historical past of the individual taking the loan. The higher the credit score historical past, the extra possibilities there are to get loans at engaging charges. Here we’re telling you in regards to the interest charges on personal loans of 10 banks. This will show you how to make comparisons earlier than taking a personal loan.

    Personal Loan Rates and Charges (March 2024)

    Name of lender Rate of interest EMI(Rs)Loan quantity – 5 lakhsTenure – 5 years EMI(Rs)Loan quantity – 1 lakhTenure – 5 years processing price(% of loan quantity)
    HDFC Bank Starting from 10.50% Starting from Rs 10,747 2,149 as much as Rs 4,999
    Tata Capital Starting from 10.99% 10,869 2,174 as much as 5.5%
    state Bank of India 11.15%-15.30% 10,909-11,974 2,182-2,395 Zero
    ICICI Bank Starting from 10.80% 10,821 2,164 as much as 2.50%
    Bank of Baroda 11.05%-18.75% 10,884-12,902 2,177-2,580 Up to 2% (minimal Rs 1,000 and most Rs 10,000)
    Axis Bank Starting from 10.49% 10,744 2,149 as much as 2
    Kotak Mahindra Bank Starting from 10.99% 10,869 2,174 as much as 3
    Canara Bank 10.95-16.40 10,859-12,266 2,172-2,453 0.50% (most 2,500)
    Punjab National Bank 10.40-17.95 10,772-12,683 2,144-2,537 as much as 1%
    HSBC Bank 9.99-16.00 10,621-12,159 2,124-2,432 as much as 2

    EMI is a crucial a part of the loan. This is the intermittent installment quantity that you just pay to repay your loan. There are three components that resolve your EMI. These embody loan quantity, interest rate and loan tenure.

    Credit Card Rules : Changes in bank card guidelines, you’ll profit from RBI’s initiative.

     

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  • Bank FD Interest Rate : Up to 8.50% interest is available only on FD of 15 months, this bank announced, check latest rate

    Ujjivan Small Finance Bank has modified the interest charges on mounted deposits (FD). The new interest charges are relevant from March 7.

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    Whenever there is discuss of financial savings, the title of mounted deposit (FD) undoubtedly comes up. Your funding in mounted deposit is secure, and also you additionally get assured returns. If you additionally need to spend money on FD then this is helpful information for you. Actually, just lately Ujjivan Small Finance Bank has modified the interest charges on Fixed Deposit (FD).

    After the revision in interest charges, Ujjivan Small Finance Bank affords interest charges between 3.75 p.c to 8.50 p.c for basic prospects. The highest interest rate on a tenure of 15 months is 8.50 p.c and the very best interest rate on the identical tenure for senior residents is 9 p.c. The new charges are efficient from March 7, 2024.

    Multiple interest fee choices

    Deposits above Rs 1 crore and deposits lower than Rs 2 crore will only be eligible for the extra interest rate of 0.20 per cent supplied by Platina FD. The interest fee choices available for Ujjivan SFB are month-to-month, quarterly and on maturity.

    NPS New Rule 2024 : Now Aadhaar 2 issue verification will probably be necessary in NPS account! Know when the brand new guidelines will come into impact

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  • High FD Interest Rate : SBI or BoB, know which bank is giving more interest on FD

    High FD Interest Rate: People prefer to spend money on FD (Fixed Deposit) as a result of cash stays secure in it. Let us let you know, authorities banks are giving good returns on deposits to the purchasers, however if you’re confused about which authorities bank to speculate your cash in, then this information will clear your confusion.

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    Let us let you know, at current State Bank of India (SBI) and Bank of Baroda are offering the ability of FD with excessive interest fee to the purchasers. So earlier than investing wherever, you should test the most recent interest rates-

    Most folks contemplate FD (Fixed Deposit) as the very best funding possibility. Actually, by investing in FD, the cash stays secure and on the similar time you additionally get fastened interest on it at fastened time. And the very best factor is that it doesn’t matter what the market situation is, your interest fee (High FD Interest Rate) won’t ever get diminished.

    Often folks prefer to spend money on FD of presidency banks however stay confused as to which bank to spend money on? If you might be additionally considering of investing in FD, then at the moment on this information we are going to let you know about the very best fastened deposit facility of State Bank of India and Bank of Baroda. Let us test the place you’re going to get more profit.

    SBI Green Term Deposit Scheme

    Senior residents are getting the advantage of greater interest within the Green Deposit Scheme (SBI Green Deposit Scheme). Senior residents are getting interest on the fee of seven.15 p.c on deposits with tenure of 1111 days and 1777 days. At the identical time, interest on the fee of seven.40 p.c might be obtainable on deposits with a tenure of 2222 days. Common residents are getting the advantage of interest on the fee of 6.65 p.c on FDs of 1111 days and 1777 days. At the identical time, interest is being given on the fee of 6.40 p.c on retail deposits maturing in a interval of 2222 days.

    Who can benefit from the scheme?

    Residents, Non-Individuals and NRI Customers are all eligible to speculate on this particular deposit scheme. You can avail the advantages of this scheme by way of department community. Apart from this, this scheme is not but obtainable on digital channels like YONO, Internet banking, however it is anticipated that quickly this scheme will even be obtainable on-line.

    Bank of Baroda Earth Green Term Deposit

    Apart from this, Bank of Baroda is offering Earth Green Term Deposit facility to the purchasers. The goal of this scheme of the Bank is to mobilize deposits to fund Qualifying Environmental Initiatives and sectors. The bank has introduced this facility to prospects with quantities starting from Rs 5000 to lower than Rs 2 crore. The interest charges supplied to bank prospects are 6.75% for one 12 months tenure, 6.75% for 18 months, 7.17% for 777 days, 6.4% for 1111 days, 6.4% for 1717 days and 6.4% for 2201 days.

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  • High FD Interest Rate : SBI or BoB, know which bank is giving more interest on FD

    High FD Interest Rate: People prefer to put money into FD (Fixed Deposit) as a result of cash stays secure in it. Let us inform you, authorities banks are giving good returns on deposits to the purchasers, however in case you are confused about which authorities bank to speculate your cash in, then this information will clear your confusion.

    – Advertisement –

    Let us inform you, at current State Bank of India (SBI) and Bank of Baroda are offering the power of FD with excessive interest charge to the purchasers. So earlier than investing anyplace, you need to test the most recent interest rates-

    Most individuals take into account FD (Fixed Deposit) as the most effective funding possibility. Actually, by investing in FD, the cash stays secure and on the identical time you additionally get fastened interest on it at fastened time. And the most effective factor is that it doesn’t matter what the market situation is, your interest charge (High FD Interest Rate) won’t ever get lowered.

    Often individuals prefer to put money into FD of presidency banks however stay confused as to which bank to put money into? If you’re additionally pondering of investing in FD, then at the moment on this information we’ll inform you about the most effective fastened deposit facility of State Bank of India and Bank of Baroda. Let us test the place you’re going to get more profit.

    SBI Green Term Deposit Scheme

    Senior residents are getting the advantage of greater interest within the Green Deposit Scheme (SBI Green Deposit Scheme). Senior residents are getting interest on the charge of seven.15 p.c on deposits with tenure of 1111 days and 1777 days. At the identical time, interest on the charge of seven.40 p.c will probably be out there on deposits with a tenure of 2222 days. Common residents are getting the advantage of interest on the charge of 6.65 p.c on FDs of 1111 days and 1777 days. At the identical time, interest is being given on the charge of 6.40 p.c on retail deposits maturing in a interval of 2222 days.

    Who can benefit from the scheme?

    Residents, Non-Individuals and NRI Customers are all eligible to speculate on this particular deposit scheme. You can avail the advantages of this scheme by means of department community. Apart from this, this scheme is not but out there on digital channels like YONO, Internet banking, however it is anticipated that quickly this scheme may even be out there on-line.

    Bank of Baroda Earth Green Term Deposit

    Apart from this, Bank of Baroda is offering Earth Green Term Deposit facility to the purchasers. The goal of this scheme of the Bank is to mobilize deposits to fund Qualifying Environmental Initiatives and sectors. The bank has introduced this facility to clients with quantities starting from Rs 5000 to lower than Rs 2 crore. The interest charges supplied to bank clients are 6.75% for one 12 months tenure, 6.75% for 18 months, 7.17% for 777 days, 6.4% for 1111 days, 6.4% for 1717 days and 6.4% for 2201 days.

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  • Government did not give any gift on small saving schemes! Interest rates kept stable for April-June quarter

    Small Saving Schemes Interest Rates: The Central Government has not given any gift on the curiosity rates of small financial savings schemes and has kept the curiosity rates stable for the April-June quarter.

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    Small Saving Schemes Interest Rates: The Central Government has not given any gift on the curiosity rates of small financial savings schemes and has kept the curiosity rates stable for the April-June quarter. Today, on March 8, the Central Government has not made any change within the curiosity rates for the primary quarter April-June of the upcoming monetary yr 2024-25. This is the primary time in 7 consecutive quarters that the federal government has not elevated the curiosity rates on these financial savings schemes.

    Government notification has been launched

    A authorities notification mentioned that curiosity rates on many small financial savings schemes will stay unchanged for the primary quarter of the monetary yr 2024-25, ranging from April 1, 2024, and ending on June 30, 2024. This signifies that simply because the rates have been notified for the fourth quarter from January 1, 2024 to March 31, 2024, the curiosity rates will proceed for the primary quarter of the monetary yr 2024-25 additionally. It has obtained the approval of the competent authority.

    Government did not give any gift on small saving schemes, kept interest rates stable for April-June quarter 

    Know the curiosity rates of small schemes

    Name of Small Saving Scheme Interest Rates

    • Sukanya Samriddhi Scheme 8.2 p.c
    • Senior Citizen Saving Scheme 8.2 p.c
    • National Saving Certificate 7.7 p.c
    • Public Provident Fund 7.1 p.c
    • Kisan Vikas Patra 7.5 p.c (115 months)
    • Monthly Income Account 7.4 p.c

    Know the curiosity rates from financial savings accounts to different small schemes
    Name of Small Saving Scheme Interest Rates

    Saving Deposit 4%

    1 Year Time Deposit 6.9%

    2 Year Time Deposit 7.0%

    3 Year Time Deposit 7.1%

    5 Year Time Deposit 7.5%

    5 Year Recurring Deposit 6.7%

    Why small financial savings schemes have been left with out adjustments

    Small financial savings curiosity rates, nonetheless, are set by the federal government and vary from 0-100 foundation factors based mostly on the yields on authorities securities of comparable maturity. In such a state of affairs, when the market yield on authorities securities falls, curiosity rates on small financial savings schemes also needs to be decreased. However, small financial savings curiosity schemes for Q2 2024 have been left unchanged regardless of the autumn in authorities bond yields.

    IPPB Executive Recruitment 2024 : Vacancy for govt posts in India Post Payment Bank, apply this manner

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  • Impact of Japan ending world’s last negative interest rates on Tuesday

    March 18 2024

    The Bank of Japan is prone to elevate interest rates for the primary time in 17 years at its March assembly this week which might impression monetary markets world wide.

    This is the prediction from Nigel Green, the CEO of deVere Group, one of the world’s largest unbiased monetary advisory, asset administration and fintech organisations.

    In January 2016, Japan shocked international markets by introducing negative interest rates as an unconventional financial technique to handle deflation and bolster financial enlargement.

    This transfer got here after Japan grappled with deflation, sluggish development, and a persistent liquidity lure for the reason that collapse of its asset bubble within the early Nineteen Nineties. Despite using measures like quantitative easing to spur inflation and financial exercise, the Bank of Japan discovered these techniques insufficient by 2016.

    The deVere CEO says: “With stronger-than-anticipated wage positive factors on the annual ‘shunto’ wages negotiations and no denials from the central financial institution on the difficulty of price hikes, we now count on the Bank of Japan to lift them on Tuesday.”

    He notes that he expects to see a number of direct and oblique impacts consequently of the key coverage shift.

    “Anticipate volatility in Japanese shares as buyers recalibrate their portfolios in response to the coverage shift. Industries delicate to interest rates, equivalent to financials, may witness notable turbulence.

    “Changes in Japan’s interest price coverage may additionally ripple by international bond markets, affecting the yields and costs of Japanese authorities bonds (JGBs) considerably. This could be anticipated to immediate buyers worldwide to reassess their bond portfolios.”

    Nigel Green strikes on to say that changes in Japan’s financial coverage may set off volatility in international fairness markets.

    “Sectors intently tied to Japan, equivalent to automotive and shopper electronics, could expertise inventory worth fluctuations influenced by foreign money actions and the efficiency of main Japanese firms.

    “The efficiency of main Japanese corporations like Toyota, Honda, Sony, and Panasonic closely influences investor sentiment towards these sectors.”

    Another notable impression is the potential reconsideration of international portfolios by Japanese buyers if home property turn out to be extra interesting with greater interest rates.

    “This may result in capital outflows from international markets, doubtlessly affecting asset costs, particularly in areas and sectors beforehand favoured by Japanese buyers.”

    The deVere CEO concludes: “If Japan ends the world’s last negative interest rates this week, the impression goes properly past the nation’s borders and buyers ought to be agile.”


    Rekha Nair

  • Bank FD Interest Rate: Good news for senior citizens, Get 9.25% strong interest on this Bank FD

    Bank FD Interest Rate: Suryoday Small Finance Bank is providing interest charges starting from 4 % to 9.01 % to frequent residents on FD. At the identical time, the financial institution is providing interest charges starting from 4.50 % to 9.25 % to senior residents.

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    Bank FD Interest Rate: The greatest energy that senior residents have is their financial savings, therefore they appear for methods of funding the place they’ll get assured and higher returns. For most senior residents, fastened deposit i.e. FD is a superb technique of funding. Generally, Small Finance Banks provide increased interest on FD as in comparison with massive authorities and personal banks. Recently Suryoday Small Finance Bank has elevated its interest charges on FD.

    Bank FD Interest Rate: Suryoday Small Finance Bank (SSFB) has elevated the interest charges on FDs of choose tenures with quantities lower than Rs 2 crore. The financial institution has elevated the interest fee on 25 month FD by 0.41 %. The new interest charges of Suryoday Small Finance Bank have change into efficient from March 1, 2024.

    Bank FD Interest Rate: Interest fee elevated from 4 % to 9.25 %

    After this change, now Suryoday Small Finance Bank is providing interest charges starting from 4 % to 9.01 % on FD to frequent residents. At the identical time, the financial institution is providing interest charges starting from 4.50 % to 9.25 % to senior residents.

    Bank FD Interest Rate: Interest fee as much as 7.75 % on financial savings account

    The financial institution can also be providing interest charges as much as 7.75 % to its financial savings account prospects within the slab of Rs 5 to Rs 25 crore.

    Bank FD Interest Rate: Suryoday Small Finance Bank FD Rates (Less than Rs 2 Crore)

    • 7 days to 14 days: For common public – 4.00 per cent; For senior residents – 4.50 %
    • 15 days to 45 days: For common public – 4.25 %; For senior residents – 4.75 %
    • 46 days to 90 days: For common public – 4.50 per cent; For senior residents – 5.00 %
    • 91 days to six months: For common public – 5.00 per cent; For senior residents – 5.50 %
    • Above 6 months – 9 months: For common public – 5.50 %; For senior residents – 6.00 %
    • Above 9 months – Less than 1 12 months: For General Public – 6.00 per cent; For senior residents – 6.50 %
    • 1 12 months: For common public – 6.85 %; For senior residents – 7.35 %
    • Above 1 12 months – 15 months: For common public – 8.25 %; For senior residents – 8.75 %
    • Above 18 months – 2 years: For common public – 8.50 %; For senior residents – 9.00 %
    • Above 2 years – 2 years 1 day: For common public – 8.60 per cent; For senior residents – 9.10 %
    • 2 years 2 days: For common public – 8.65 %; For senior residents – 9.10 %
    • 2 years 3 days to lower than 25 months: For common public – 8.60 %; For senior residents – 9.10 %
    • 2 years 1 month (25 months): For common public – 9.01 %; For senior residents – 9.25 %

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