The government can give a big gift on loan moratorium on Diwali, interest will be waived on select loans!

Cash in Hand

The central government has agreed to waive interest on the interest in the loan moratorium, although it may take time to make its official announcement. In the Modi cabinet meeting, the government has decided to give a big gift to the common people.┬áThere are reports that the Central Government has agreed to waive interest on the interest in the loan moratorium, although it may take time to make its official announcement. The loan moratorium case is currently pending in the Supreme Court. Because of this, the Modi government has decided that…

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9% interest on bank fixed deposit

Interest on Bank FD

Fixed deposits (FD) or term deposits are an ideal investment for those seeking high liquidity and premature withdrawal facility. Banks like SBI, HDFC and ICICI offer annual interest rates in the range of 6% to 6.4%, whereas small finance banks such as Suryoday small finance banks and Fincare small finance banks offer higher interest rates on FDs. Also, followed by budget 2020, RBI has increased the insurance cover on fixed deposits from 1% to 5%, to safeguard the interest of depositors. Under this insurance cover, banks pay a premium of…

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