Yesterday Govt have reduced the interest rates for small saving schemes by 0.1%.Since last year Govt have decided to have the rates dynamic & interest rates will reset for every year as per surrounding interest rate scenario. Interest Rates are revised for different instruments like PPF,Postal Monthly Income Plan (MIP),Senior Citizen Saving Scheme (SCSS),National Saving…
HDFC Mutual Fund Fixed Maturity Plan – FMP 384 Days March 2013:
HDFC Mutual fund New Fund Offer – NFO for Fixed maturity plan for 384 days.FMPs invest in debt / money market instruments & Govt securities maturing on or before maturity of the plan.Performance is benchmarked against CRISIL short term Bond fund. Fixed Maturity Plans are always of Closed Ended nature & can not be sold…
CRR,Repo Rate,Reverse Repo Rate,Comparison Of Rates With Other Asian Countries:
Today Reserve Bank Of India reduced repo rates by 0.25% to 7.50% from 7.75%. What is CRR,Repo Rate & Reverse Repo Rate: CRR – Cash Reserve Ratio: As name indicates Banks need to keep certain ratio of deposits with Reserve Bank Of India which is called as Cash Reserve Ratio.Current CRR is 4% which means…