Rationalization of Rate of Interest/Profit on Deposit and Loan/Lease/Investment.

Rationalization of Rate of Interest/Profit on Deposit and Loan/Lease/Investment.

Apr 18, 2022

DFIM Circular No-06

The interest rate on deposits of Financial Institutions’ is a maximum of 7% and all types of loans / lease investment interest/profit margin is set at a maximum of 11%.
This guideline will be effective from 1st July 2022

 

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