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new point in 3cd form


21 August 2009 There is new clause of providing interest on balances of SME's with companies at the triple of bank rate compounding monthly. So i want to know what is this bank rate?????

21 August 2009 Interest rate as prevailed in banks on loans during the period for which interest has to be calculated.

25 August 2009 Isn't the bank rate is the rate at which central bank(RBI) provides loan to commercial bank?????
sir, just want to know more about interest rate, which is to be taken in this clause????




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