bank interest rate
This query is : Resolved
07 August 2008
hi friends,
bankers gave interest on deposites 12% or 15% like that but that percentage equal to how much ruppees.
Eg: 12%.This rate how can we say in rupees?
bankers gave interest on deposites 12% or 15% like that but that percentage equal to how much ruppees.
Eg: 12%.This rate how can we say in rupees?
07 August 2008
naresh.r you are not know 12% this rate how can we say in rupees?
it is rate when you are depositing rs 100 then bank will give rs 12 as a interest to you
it is rate when you are depositing rs 100 then bank will give rs 12 as a interest to you
07 August 2008
Percentage means rate per hundred. In case of banks the rate is usually given in terms of rupees. As such, 12% pa means that interest of rupees 12 will accrue on Rs 100 on the expiry of one complete year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
