Thursday, 3 April 2014

BASE RATE

The Base Rate is the minimum interest rate of a bank below which it cannot lend, except in cases allowed by RBI.

The Base Rate system has replaced the BPLR system with effect from July 1, 2010.

As per RBI guidelines, the following categories of loans could be priced without reference to Base Rate:

1. DRI Advances (Differential Rate of Interest Scheme)

2. Loans to banks own employees including retired employees.

3. Loans to banks depositors against their own deposits.

Base Rate is reviewed by the respective banks at least on quarterly basis and the same is to be disclosed publicly.

19 comments:

  1. I was mentally disturbed because of the tension of paying the bills and school fees of my children until I saw Savings on the internet and all my problems were vanished thanks to them for facilitating me out!

    ReplyDelete
  2. It’s a great site regarding to our daily life problems such as delayed bill payments due to postponed paychecks! First I saw about Loans on the internet, It’s a Great platform for all people out there.

    ReplyDelete
  3. Easy to work with consolidate payday loans. Their loan processor was reasonably good and I'm happy so far everything was straightforward so long as the documents got sorted out …Happy with the Advance payday loan and how fast we were able to get it. He was nice and he worked with me with communication. I’m happy with it.

    ReplyDelete
  4. Tiered pricing allows businesses that are processing high volume to negotiate rates based on transaction milestones. Simply put, the more your process the less each transaction will cost. Subscription & membership pricing models are similar to interchange plus. Look at this website large transaction may benefit from this form of pricing…

    ReplyDelete
  5. If you should be opting for finest contents like me, just visit this blog site daily because it provides the feature contents, thanks.best local plumbers

    ReplyDelete
  6. I have never ever got this type of informative and easy contents yet I enjoyed reading these. Mark Hurd Amazon

    ReplyDelete
  7. I'm in no doubt coming back again to read these articles and blogs.
    www.loancredit.sg/moneylender-review

    ReplyDelete
  8. Your articles are more than wow! And also the best way to make understand the things mentioned in it.
    fintech CEO

    ReplyDelete
  9. I don’t suppose many of websites give this kind of information.
    Wix site

    ReplyDelete

  10. written piece is fastidious, that’s why I’ve read it completely.
    Wordpress home page

    ReplyDelete
  11. Hi I like Your Blog. Your blog is really informative and helpful for all. Keep updating with newer post on Personal loan interest rate for Tech-Mahindra employees.

    ReplyDelete
  12. Wonderful, just what a blog it is! This blog has provided the helpful data to us continue the good work.

    Accountants in Toronto

    ReplyDelete