interest rate
This query is : Resolved
27 December 2008
it is my request to all the members that please elaborate how the interest rate is decided by the banks.
i came to know that if a exporter avail PCFC in foreign currency then the rate of interest is 5% to 6% and if it is availed in indian rupees then its rate of interest is 13% approximately. why it is so.
what are factors that affect interest rates.
i will be grateful for guidance in this respect.
anish jain
i came to know that if a exporter avail PCFC in foreign currency then the rate of interest is 5% to 6% and if it is availed in indian rupees then its rate of interest is 13% approximately. why it is so.
what are factors that affect interest rates.
i will be grateful for guidance in this respect.
anish jain
27 December 2008
please elaborate on the above.
27 December 2008
please elaborate
29 December 2008
mr. anish
interest rate is on PCFC in public sector banks is 8%, because firstly u purchase the dollar with some rate, hence the time period for PCFC would be 6 months, so there would be flucation, hence some time it gains buyer & some time its gains to banker, hence PCFC rate of interest is lesser.
regards
k.ravi
interest rate is on PCFC in public sector banks is 8%, because firstly u purchase the dollar with some rate, hence the time period for PCFC would be 6 months, so there would be flucation, hence some time it gains buyer & some time its gains to banker, hence PCFC rate of interest is lesser.
regards
k.ravi
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
