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Equity oriented mutual funds Less than 12 months More than 12 months 15% 10% exceeding Rs. 100,000 Debt oriented mutual funds Less than 36 months More than 36 months Slab rate 20% with indexation Bonds Less than 12 months More than 12 months Slab rate 10% without indexation Real estate/property Less than 24 months More than 24 months Slab rate
A public bank is a bank, a financial institution, in which a state, municipality, or public actors are the owners.It is an enterprise under government control. [1] Prominent among current public banking models are the Bank of North Dakota, the Sparkassen-Finanzgruppe in Germany, and many nations' postal bank systems.
Averaging an economic growth rate of 7.5% for several years prior to 2007, [309] India has more than doubled its hourly wage rates during the first decade of the 21st century. [319] Some 431 million Indians have left poverty since 1985; India's middle classes are projected to number around 580 million by 2030. [ 320 ]
The loan had a lower interest rate compared to the prevailing rate in the market and payable in longer terms. Pag-IBIG Fund offers a home loan at a low interest rate of 4.5% (for ₱450,000 loan) with a loan term of up to 30 years. A qualified member can get a maximum loan amount of up to ₱6 million.
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Taxes are most often levied as a percentage, called the tax rate. An important distinction when talking about tax rates is to distinguish between the marginal rate and the effective tax rate. The effective rate is the total tax paid divided by the total amount the tax is paid on, while the marginal rate is the rate paid on the next dollar of ...
A high-yield savings account can earn you significantly more interest than a traditional savings account, with digital banks and online accounts offering the strongest rates, passing along ...
The final cost will be exactly the same: * when the interest rate is 2.5% and the term is 30 years than when the interest rate is 5% and the term is 15 years * when the interest rate is 5% and the term is 30 years than when the interest rate is 10% and the term is 15 years