LIST OF FAKE UNIVERSITIES BY UGC: UNIVERSITY GRANTS COMMISSION UNRECOGNIZED INSTITUTIONS IN INDIA UGC has issued the notification no F.7-3/20012(MPC), giving the names of the Institute which are not registered with UGC and UGC consider them fake. As per UNIVERSITY GRANTS COMMISSION Act , 1956 (UGC Act) only a University established by an Act of Parliament or the State… Read More »
STATE BANK OF INDIA AUTO LOAN: SBI CAR, Two wheeler Interest Rate Fees & Documents List SBI Provides auto loan for purchase of new passenger cars, Multi Utility Vehicles (MUVs) and SUVs. SBI also provides the auto loan for purchase of old/used/second-hand cars. SBI has given special discount of .05% on auto loan rates for Women’s. SBI… Read More »
RBI has issued the Master Circular for dealing with the Fake/Counterfeit Currency notes at Banks. Reserve Bank of India(RBI) has instructed all the Banks in India that they should not return the fake currency notes to the tenderer or destroy them at the bank branches / treasuries. The notes identified as counterfeit should be kept… Read More »
As per Reserve Bank of India (RBI) master circular Aadhar is accepted as Officially Valid Document for Bank KYC Process and further RBI has accepted Aadhar as valid documents under e-KYC service for KYC verification for opening bank account in India. RBI through Master Circular DBOD.AML.BC. No. 24/14.01.001/ 2013-14 dated July 1, 2013 on Know Your Customer… Read More »
Limits & Conditions for Claiming Deduction of Interest on Borrowed Capital includes loan take from banks, financial institutions or from private sources on house property for computation of Income from House Property under Section 24(b) of Income Tax Act,1961 Section 24(b) of the Income Tax Act allows deduction from income from houses property on interest… Read More »
Construction Loan – Interest Rates updated on January 09, 2014 Construction Equipment Loans Type of credit facility Rate of interest Processing fee Construction Equipment Loans 11.75% to 14.50% 0.25% of gross loan amount Notes Specific interest rate applicable to a customer would be dependent on segment, asset category and location Stamp duty charges shall be extra as… Read More »
Personal Loans Interest Rate Loans & Advances – Indicative lending rates updated on January 01, 2014 Personal Loans Type of credit facility Rate of interest Personal Loans 13.50% to 18.00% Notes: Specific interest rate applicable to a customer would be dependent on segment, asset category and location. Stamp duty charges shall be… Read More »
Fixed Deposit Rates: For Domestic Deposits below Rs. One Crore Maturity Period Rates of Interest (% p.a.) w.e.f August 16, 2013 For deposit less than Rs. 1 crore General Senior Citizen 7 days to 14 days 4.50 5.00 15 days to 29 days 4.75 5.25 30 days to 45 days 5.50 6.00 46 days to… Read More »
NATURE RATE OF INTEREST# MINIMUM BALANCE* NORMAL SENIOR CITIZEN Metro Urban Semi Urban Rural ACCOUNT 1. Savings Bank A/c A. Domestic 4.00 % 4.00 % a. With cheque book facility – – Rs.10,000 Rs.10,000 Rs.5,000 Rs.2,000 b. Without cheque book facility – – Not available Not available Not available Not available c. No Frills… Read More »
Loans & Advances – Indicative lending rates updated on January 09, 2014 Commercial Vehicle Loans Type of credit facility Rate of interest Processing fee Commercial Vehicle Loans 11.50% to 16.50% 0.50% of gross loan amount Notes: Specific interest rate applicable to a customer would be dependent on segment, asset category and location. Stamp duty charges… Read More »