Banking - Simple Interest

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TDS on Bank Interest

TDS on Bank Interest 2022: Tax Deduct at Source on Fixed Deposit

Last updated – Feb 1st, 2022 Banks deduct tax on the fixed deposit interest as per the income tax act regulations. Let’s check everything about TDS on bank interest including fixed deposits and savings accounts in the article. TDS on FD Interest What is TDS On FD Interest earned on fixed deposit (FD) is fully …

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mudra loan interest rates

Mudra Loan Interest Rate 2022 – All Banks Interest Rates

Last updated – Feb 02, 2022 Pradhan Mantri MUDRA Yojana (PMMY) is a government initiative to facilitate the non-corporate, non-farm small or micro-enterprises with easy loan facilities.  You can apply with commercial banks, RRBs, small finance banks, MFIs, and NBFCs for the MUDRA loan in India.  Main benefits of PM MUDRA Yojana No collateral security …

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e-Verification of ITR

How to Use Electronic Verification Code (EVC) Instead of ITR-V Sign for Income Tax Return e-filing

Updated: Jan 23, 2022 If you are filing your income tax return, you have to verify it in the final step. If you don’t verify your return, it will not be considered valid as per laws. You get 120 days to verify your return, once you have uploaded your ITR on the e-filing website. There …

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How the banks calculate interest

How To Calculate Banks Interest (With Formula)

Updated: Jan 24, 2022 Banks offer different interest rates on different savings schemes. Interest in the invested money is calculated differently for different schemes. For instance interest on Fixed Deposits is compounded quarterly while interest on Provident Fund is calculated on a monthly basis. Let’s dive into the details of interest calculation by banks on …

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Best apps for bank exams in India

Best Apps for Bank Exam Preparation on Google Play Store in India 2022

Updated on 2nd Feb 2022 Banking exams are the most popular competitive examinations of the country. IBPS PO, IBPS Clerk, IBPS RRB exams, SBI PO, RBI and many such exams feature a combined audience in millions. With such a huge mob of candidates appearing in the exam, you need to have some extra smartness, in …

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