What is pre-EMI interest?

EMI stands for Equated Monthly Installment for the loan you avail of from your bank. The EMI consists of the principal portion of the loan amount and the interest. The installment amount is fixed on your loan depending upon the loan amount, tenure of the loan, and rate of interest. The higher the interest rate…

Bank Holidays 2022: Chandigarh UT

Under the Explanation to Section 25 of the Negotiable Instrument Act, 1881 (Central Act XXVI of 1881) read with the Government of India, Ministry of Home Affairs, Notification No.20-25/26/Pub.1, dated 08.06.1957, the following days shall be observed as Holidays in the Union Territory during the year 2022:- Sr.No Date Day Occasion/Festival Date 1 09.01.2022 Sunday…

Bank Holiday 2022: Lakshadweep UT

The 2024 calendar will be Shortly updated. Bank holidays in the Administration of Lakshadweep UT  for the year 2022 were declared to be public holidays during the year 2022, under the explanation of section 25 of NI Act 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 18.03.2022 Friday HOLI 3 01.04.2022…

Bank Holidays 2022 under NI Act: Puducherry(Pondicherry)

Calendar of public holidays/ bank holidays 2022 in Union Territory of  Puducherry (Pondicherry) Sr.No Date Day Occasion/Festival Date 1 01.01.2022 Saturday NEW YEAR DAY 2 14.01.2022 Friday PONGAL 3 15.01.2021 Saturday THIRUVALLUVAR DAY/MATTU PONGAL 4 26.01.2021 Wednesday REPUBLIC DAY 5 01.04.2022 Friday BANKS’ ANNUAL CLOSING OF ACCOUNTS 6 14.04.2022 Thursday DR.B.R.AMBEDKAR BIRTH DAY/ TAMIL NEW…