Indian Bank has unveiled new services under its digital transformation initiative — Project WAVE. Accordingly, the bank in collaboration with National E-Governance Services Ltd, has introduced an electronic bank guarantee (e-BG) service to ease traditional paper-based processes.This move will also reduce the turnaround time of the bank guarantee issuance and delivery to the beneficiary from an industry average of 3-4 working days to a few minutes.Besides, the facility would replace the need for physical stamp paper and physical signatures of customers by replacing them with digital stamping and e-signing making the entire process digital. Indian Bank has launched a facility to avail pre-approved business loans, an end-to-end digital journey, for eligible individuals and proprietor firms to cater to their respective businesses.
A man invested Rs.Y in a scheme S at 14% rate of simple interest for 7 years. After 7 years, he reinvested the amount received from the scheme S at same...
A man deposited Rs. 9000 at 10% compound interest, compounded annually while Rs. 8500 at 13% simple interest per annum. What will be the difference betw...
Arman Funded an amount at the rate of 6 % for a period of 2 years at C.I. while calculating, the rate of interest was interchanged with the time period ...
A man deposited Rs. ‘x + 800’ at 12% per annum simple interest and earned Rs. 540 as interest after 2 years. Find the interest earned by him if he d...
Suresh earned an interest of Rs. 1548 on principal amount of Rs. 4800 at some rate of compound interest in 2 years. How much more/less interest would he...
The interest received by investing Rs. 1000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 4 years at simple int...
The difference between the simple interest obtained on two principals for a period of 4 years at 5% p.a. rate of interest is Rs.8...
The difference between compound interest and simple interest at the same rate for Rs. 1800 for 2 years is Rs. 18. The rate of interest per annum is:
Rs. 30,000 invested at simple interest of 8% p.a. yields the same interest after 3 years as Rs. 45,000 when invested at simple interest of 'y%' p.a. yie...
Ajay invested a sum of money, represented as Rs. 'x', in a financial plan that yields a 10% annual compound interest. After three years, the total inter...
