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National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IB1). NPCI has authorised share capital of Rs 300 crore and paid-up capital of Rs 100 crore. Its existing promoter banks are State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC.
Out of a total sum of ₹5,000, Danish invested one part at 12% simple interest per annum and the remaining part at 10% simple interest per annum. If th...
Simran Funded Rs. 70,000 in two different SIP's. She funded the smaller amount at CI of 20% p.a. compounded annually, and larger amount at SI of 16.5% f...
Ashish invests an amount of Rs. 'A' into two different SIPs, named 'P' and 'Q', for durations of 3 years and 2 years respectively. The first SIP 'P' yie...
A certain sum of money invested at R% p.a. fetches a compound interest (compounded annually) of 1400 and simple interest of Rs.1250 at the end of 2 year...
After 2 years, the ratio between the compound interest obtained from scheme A and B is 99:115 respectively. The total initial investment of both of the ...
The simple interest received on a certain sum is Rs. 500 less than the sum invested. If the sum was invested at 10% p.a. for 6 years, then find the simp...
Atul has Rs.400 with him. He invested 40% of the amount at 4% p.a. for 5 years and rest at 15% p.a. for 3 years. Find the sum of simple interests receiv...
A person lends ₹16,000 to a client at a simple interest rate of 8% per annum. After 30 months, the client repays ₹9,200 and requests an extension fo...
Ajay invested Rs.a in SI at 7% rate of interest per annum for 9 years. Vishal invested the same amount in SI at 5% rate of interest per annum for 3 year...
Suresh earned an interest of Rs. 516 on principal amount of Rs. 1600 at some rate of compound interest in 2 years. How much more/less interest would he ...
