Category: Financial

References: Home loan Interest rates from leading Primary Lending Institutions in India

Charts – historic RBI interest rates Graph Indian interest rate RBI – interest rates last year Graph Indian interest rate RBI – long-term graph The current Indian interest rate RBI (base rate) is 8.500 % RBI – Reserve Bank of India The Reserve Bank of India (RBI) is the Indian central bank. The RBI’s most important goal is to maintain monetary stability – moderate and stable inflation – in India. For an overview of current inflation in India, click here or here for current inflation by country. The RBI uses monetary policy to maintain price stability and an adequate flow […]

Chit Fund Interest and Returns Calculator in Excel Chit funds is a very widely used investment and loan lending system in India.  In a chit fund, a group of people agrees on a Chit value per head along the duration to arrive at the EMI.  Every month the Chit will be open for auction and people in the group will participate in the auction.  This way whoever, is in need of money that month they will auction for high bid values.  Here I’ve put in a quick Chit Fund Interest and Returns Calculator in Excel sheet that can be handy for […]