how can I calculate interest of iinss- c bond
will bank provide interest statement or not ?
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interest on iinss-c bond
Replies (4)
There will be two parts in the interest rate. One, fixed rate of 1.5% per annum and second, inflation rate.
For example, if inflation rate during the six months is 5%, then interest rate for this six months would be 5.75% (i.e. fixed rate -0.75% and inflation rate -5%).
For example, if inflation rate during the six months is 5%, then interest rate for this six months would be 5.75% (i.e. fixed rate -0.75% and inflation rate -5%).
sir will bank provide the interest statement
yes, bank will provide the interest statement.
and when I have to show this income on maturity or every year
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