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According to the Bank of India, the current bank base rate 8.50% as of 7 October 2010.

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Q: What is present bank rate of interest in India?
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Related questions

What is the rate of interest of housing loan from bank India?

The present rate is 10.30% ( floating ) valid till 31st March 2014.


What is bank rate?

wat s bank present rate of interest? 6%


What is present bank rate of interest?

8%


What is the present interest rate on saving bank account by rbi?

RBI does not give savings accounts. It is the banker of banks or the central bank of india. Regular banks in india will offer you savings accounts and the interest rate offered currently is 4% per annum.


What are the present Australian interest rates?

The present Australian interest rates from major lenders vary between 4.5% and 6%. For example, the Interest Rate for Commonwealth Bank is 4.61%, while the interest rate for Suncorp Metway is 5.79%.


What is the interest rate on the sbi personal loan?

SBI (State Bank of India) offers personal loans as one of their products. The interest rate on a personal loan from SBI (State Bank of India) depends on the applicants credit, amount borrowed, and collateral. Personal loans are calculated at a 9.75% base interest rate.


What is a bank interest rate?

A Bank interest rate may refer to two things with respect to banking functions. a. Deposit Interest Rate - This is the rate the banks offer to their customers for depositing money with the bank b. Loan Interest Rate - This is the rate of interest banks charge the customers who wish to borrow money from them through loans. Both rates will differ from bank to bank


India's high interest rate bank?

Fixed deposits for 3-5 years, UCO, Oriental, etc


What is a bank rate?

A bank rate is the rate at which a central bank charges interest when it lends money to another bank.


Can a bank in India change the rate of interest during the currency of a term deposit with them?

No. The rate of interest on a term deposit (Fixed Deposit) cannot be changed during the duration of the deposit. For Ex: you deposit Rs. 10000/- on Jan 1st 2011 with a bank in India at 8% rate of interest for a period of 1 year. Even if the deposit rates change to let's say 7.5% a few weeks after that, the bank has to honor the commitment it has given to you at the time of opening the term deposit and it cannot change the rate of interest.


Monthly income scheme interest rate slabs for Union bank of India?

That will depend on a variety of things. However, in October 2010, their monthly interest rate was 8.50%, but it can go up or down.


What is the best interest rate?

Technically, the best interest rate is 0% interest but since no bank offers this the bank's best interest rate is 2.6%. Make sure to compare different bank rates before applying for a loan.