Yes, from 1st April 2010, you’ll earn more money for every rupee that you deposit in your bank account. Though the interest rate of 3.5% p.a. on your bank balance remains the same, what has changed is the method of calculating the interest. Let me explain. read more..
Tag Archive: interest
SEBI has reduced the New Fund Offer(NFO) period from existing 30-45 days to 15 days. It has also allowed the use of Application Supported by Blocked Amount(ASBA) facility while applying to new fund offers. read more..
The great Albert Einstein once said “The most powerful force in the universe is compound interest“. So what is this compounding all about and what is so special about it to get such a compliment from the great scientist? Lets try to understand. read more..
