Search For "simple interest"
Simple Interest Calculator: Understanding Basic Interest Before Mutual Fun
Updated : 1 month, 1 week ago IST
Pune (Maharashtra) [India], January 31: Understanding how interest works is often the first step in building financial awareness. Before exploring market-linked products, some investors prefer to understand basic interest concepts and how money grows over time in a linear manner. A simple in
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Using a simple interest calculator to understand basic return scenarios
Updated : 2 months ago IST
Pune (Maharashtra) [India], January 9: When planning investments, understanding how returns are calculated is often the first step. While markets and instruments vary widely, some investors begin by exploring basic interest concepts before moving to more complex approaches. In this context,
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Understanding Fixed Deposits and FD Calculation Methods
Updated : 1 year, 6 months ago IST
Mumbai (Maharashtra) [India], August 17: Fixed Deposits (FDs) have long been a preferred investment option among Indian investors, providing a straightforward way to grow wealth with predictable returns. Shriram Finance, a trusted name in the NBFC space, offers investors an opportunity to
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CP Shootout case: Delhi HC awards compensation to sole survivor after 25 y
Updated : 3 years, 10 months ago IST
New Delhi [India], April 29 (ANI); After 25 years of the 1997 Connaught Place shootout case, the Delhi High Court has awarded compensation of the sum of Rs 15 lakhs along with simple interest @ 8 per cent per annum, from the date of the incident till the date of payment to sole survivor,
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Union Cabinet approves scheme for grant of ex-gratia payment of difference
Updated : 4 years, 1 month ago IST
New Delhi [India], January 19 (ANI): The Union Cabinet led by Prime Minister Narendra Modi on Wednesday approved a scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for six months to borrowers in specified loan accounts with an aim to help
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RBI directs lending institutions to implement scheme for waiver of interes
Updated : 5 years, 4 months ago IST
New Delhi [India], October 27 (ANI): The Reserve Bank of India (RBI) has directed all lending institutions to implement provisions of the scheme for grant of ex-gratia payment of the difference between compound and simple interest from March 1 to August 31 to borrowers in specified loan acco
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Power ministry asks gencos, transcos to cap late payment surcharge at 12 p
Updated : 5 years, 6 months ago IST
New Delhi [India], Aug 22 (ANI): In order to alleviate the financial stress of the power system, the Ministry of Power has advised all generating and transmission companies to charge late payment surcharge (LPS) at a rate not exceeding 12 per cent per annum (simple interest) for all payments
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