Interest rates unchanged on small savings instruments for January–March 2025
Govt. keeps interest rates unchanged on small savings schemes for third quarter starting January 1, 2025 The rate of Interest chart for various small savings instruments: Scheme Interest rate for January-March 2025 Interest rate for October-December 2024 Interest compounded Savings account 4.00% 4.00% Annual rest 1-year time deposit 6.90% 6.90% Quarterly rest 2-years’ time deposit…
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How interest coverage ratio is calculated?
The interest coverage ratio is a debt and profitability ratio used to determine how easily an entity can pay interest on its outstanding debt. EBIT is used in calculating the interest coverage ratio. Interest coverage ratio= Earnings before Interest and taxes (EBIT) ÷Total interest expenses Whereas EBIT is the operating profit of a company and…
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How to process credit proposal?
Credit Appraisal is a knack of adapting certain precautions at the time of new sanction or renewal or enhancement of existing limit. Credit Appraisal revolves around the credit investigation to determine the economic and business environment in which prospective borrower is placed. The process involves assessment of honesty and integrity of the borrower, standing of the borrower,…
Read articleBank Holidays 2025 in Jammu and Kashmir UT
The Administration of Jammu Kashmir UT in exercise of the powers conferred by the explanation of Section 25 of Negotiable Instruments Act, 1881 declares following days to be public holidays during the calendar year, 2025. Date Day Occasion/Festival Date 26.01.2025 Sunday REPUBLIC DAY 26.02.2025 Wednesday MAHASHIVARATRI 14.03.2025 Friday HOLI (For Jammu Province Only) 27.03.2025 Thursday…
Read articleBank Holidays 2025: Tripura
The calendar of Public holidays for the year of 2025 in the state of Tripura under section 25 of NI Acts 1881. Date Day Occasion/Festival Date 23.01.2025 Thursday Netaji ‘sBirthday 26.01.2025 Sunday Republic Day 03.02.2025 Monday Vasanta Panchami 15.03.2025 Saturday Holi 31.03.2025 Monday Id-ul-Fitr/Ramzan 01.04.2025 Tuesday Yearly Bank closing Day 14.04.2025 Monday B.R.Ambedkar Jayanti 15.04.2025…
Bank Holidays 2025: Uttarakhand
The Government of Uttarakhand declared following days as Bank Holidays for the year 2025 under the section 25 of N.I.Act 1881. Date Day Occasion/Festival Date 14.01.2025 Tuesday MD.HAZARAT ALI’S BIRTHDAY 26.01.2025 Sunday REPUBLIC DAY 26.02.2025 Wednesday MAHA SHIVRATRI 13.03.2025 Thursday HOLIKA DAHAN 14.03.2025 Friday HOLI 31.03.2025 Monday ID-UL-FITR /RAMZAN 01.04.2025 Tuesday Banks Annual closing of…
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