Category: Financial

Trading Details Sl.No Provider   Website 1 BSE Trading hours 9:55 a.m. — 3:30 p.m (Mon – Fri) http://www.bseindia.com/faqs/intro.asp 2 NSE Trading hours 9:55 a.m. — 3:30 p.m (Mon – Fri) http://www.nseindia.com/content/press/HOLIDAYS.zip 3 BSE List of Holidays   http://www.bseindia.com/about/listholi.asp 4      

Sl.No Term Description Significance         1 ISIN International Securities Identification Number – 2 NEFT National Electronic Funds Transfer Indicates online capability 3 IMF International Monetory Fund http://www.imf.org/external/ 4 IIP International Investment Position India position details can be found at http://www.rbi.org.in/Scripts/IIP.aspx 5 BRLMs Book Runners-Cum-Lead Managers  

With effect of below RBI directive as describe by CRISIL RBI has proposed that all scheduled commercial banks start the computation of monthly interest on savings accounts on a daily basis with effect from April 1, 2010, instead of the current method of linking the interest to the minimum balance between the tenth and last day of each month. thus now banks pay interest rate (currently it’s %3.5 p.a) on a daily basis.  This simply means that interest is calculated for every unique balance in your account for the number of days you hold it.  However, banks still pay this […]