I had originally posted this topic earlier on 24-8-2010. Click here to read the same. But since then, a lot of water has flowed and there is a perceptible change in Indian economic landscape and hence the interest rate outlook. RBI in its mid quarter review on 16-12-2011 has left the key monetary parameters unchanged [...]
Read moreWe live in the technology age. The world around has changed beyond recognition in the past couple of decades or so. We now live in the age of instant communication & transaction. From the time when we had to book a trunk call to speak to someone residing 25Km away, we are now in the [...]
Read moreThe Reserve Bank of India (RBI) in its quarterly monetary policy review on 25th October 2011 made a radical change to the interest rate structure in the country. The interest rate on the humble savings bank (SB) account was deregulated fully, much to the surprise and against the wishes of the banks. This rate was [...]
Read moreDo You Know # 6: Cash withdrawal on credit cards incur interest from day one. Credit card transactions usually enjoy a free credit period of maximum 50 days (20 days from the end of the billing cycle of 30 days) provided you have settled your earlier dues in full without rolling over credit by paying [...]
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