Compound interest

₹ 4,300 crore collected as compound interest during moratorium returned, notes SC

Payments were made in accordance with a government reimbursement program introduced on October 23 The Supreme Court recorded in a judgment Friday that lending institutions have repaid more than 4,300 crore in compound interest collected from small borrowers during the moratorium period. The ex gratia payments were made to 13.12 crore bank accounts across the […]

Compound interest

Compound Interest Explained | MyWalletHero

Image source: Getty Images Share this page: Compound interest is a common term in the world of personal finance and investing. This is an important concept to grasp because it can work in your favor or against you. I’ll walk you through everything you need to know about calculating compound interest, why it’s important, and […]

Compound interest

How much your bank can credit to your account

MUMBAI: Banks are likely to credit interest on accrued interest on loans from borrowers during the 6-month moratorium period (March 1 – August 31) by November 5, according to the affidavit filed by the government with the the Supreme Court. The government announced an ex gratia interest-on-interest exemption scheme on October 23 to provide some […]