New FAQ Page 2 - આરબીઆઈ - Reserve Bank of India
Content Type:
Banking Ombudsman Scheme, 2006
-
To begin with, IIBs will be issued for 10 years.
-
As it is advisable to issue IIBs at various maturity points to have benchmarks and cater to diverse market demands, more maturity points may be explored subsequently.
EXAMPLE OF EMI CALCULATION (PURE FIXED LOAN)
|
|
Amount of Loan |
1,000,000.00 |
|
|
|
|
Annual Interest Rate |
15.00% |
|
|
|
|
Number of Payments |
120 |
|
|
|
|
Monthly Payment |
16,133.50 |
|
|
|
Number |
Payment |
Interest |
Principal |
Balance |
|
0 |
|
|
|
1,000,000.00 |
|
1 |
16,133.50 |
12,500.00 |
3,633.50 |
996,366.50 |
|
2 |
16,133.50 |
12,454.58 |
3,678.91 |
992,687.59 |
|
3 |
16,133.50 |
12,408.59 |
3,724.90 |
988,962.69 |
|
4 |
16,133.50 |
12,362.03 |
3,771.46 |
985,191.23 |
|
5 |
16,133.50 |
12,314.89 |
3,818.61 |
981,372.62 |
|
6 |
16,133.50 |
12,267.16 |
3,866.34 |
977,506.28 |
|
7 |
16,133.50 |
12,218.83 |
3,914.67 |
973,591.62 |
|
8 |
16,133.50 |
12,169.90 |
3,963.60 |
969,628.02 |
|
9 |
16,133.50 |
12,120.35 |
4,013.15 |
965,614.87 |
|
10 |
16,133.50 |
12,070.19 |
4,063.31 |
961,551.56 |
|
11 |
16,133.50 |
12,019.39 |
4,114.10 |
957,437.46 |
|
12 |
16,133.50 |
11,967.97 |
4,165.53 |
953,271.93 |
|
13 |
16,133.50 |
11,915.90 |
4,217.60 |
949,054.34 |
|
14 |
16,133.50 |
11,863.18 |
4,270.32 |
944,784.02 |
|
15 |
16,133.50 |
11,809.80 |
4,323.70 |
940,460.32 |
|
16 |
16,133.50 |
11,755.75 |
4,377.74 |
936,082.58 |
|
17 |
16,133.50 |
11,701.03 |
4,432.46 |
931,650.12 |
|
18 |
16,133.50 |
11,645.63 |
4,487.87 |
927,162.25 |
|
19 |
16,133.50 |
11,589.53 |
4,543.97 |
922,618.28 |
|
20 |
16,133.50 |
11,532.73 |
4,600.77 |
918,017.51 |
|
21 |
16,133.50 |
11,475.22 |
4,658.28 |
913,359.24 |
|
22 |
16,133.50 |
11,416.99 |
4,716.51 |
908,642.73 |
|
23 |
16,133.50 |
11,358.03 |
4,775.46 |
903,867.27 |
|
24 |
16,133.50 |
11,298.34 |
4,835.15 |
899,032.12 |
|
25 |
16,133.50 |
11,237.90 |
4,895.59 |
894,136.52 |
|
26 |
16,133.50 |
11,176.71 |
4,956.79 |
889,179.73 |
|
27 |
16,133.50 |
11,114.75 |
5,018.75 |
884,160.98 |
|
28 |
16,133.50 |
11,052.01 |
5,081.48 |
879,079.50 |
|
29 |
16,133.50 |
10,988.49 |
5,145.00 |
873,934.50 |
|
30 |
16,133.50 |
10,924.18 |
5,209.31 |
868,725.18 |
|
31 |
16,133.50 |
10,859.06 |
5,274.43 |
863,450.75 |
|
32 |
16,133.50 |
10,793.13 |
5,340.36 |
858,110.39 |
|
33 |
16,133.50 |
10,726.38 |
5,407.12 |
852,703.28 |
|
34 |
16,133.50 |
10,658.79 |
5,474.70 |
847,228.57 |
|
35 |
16,133.50 |
10,590.36 |
5,543.14 |
841,685.43 |
|
36 |
16,133.50 |
10,521.07 |
5,612.43 |
836,073.00 |
|
37 |
16,133.50 |
10,450.91 |
5,682.58 |
830,390.42 |
|
38 |
16,133.50 |
10,379.88 |
5,753.62 |
824,636.81 |
|
39 |
16,133.50 |
10,307.96 |
5,825.54 |
818,811.27 |
|
40 |
16,133.50 |
10,235.14 |
5,898.35 |
812,912.92 |
|
41 |
16,133.50 |
10,161.41 |
5,972.08 |
806,940.83 |
|
42 |
16,133.50 |
10,086.76 |
6,046.74 |
800,894.10 |
|
43 |
16,133.50 |
10,011.18 |
6,122.32 |
794,771.78 |
|
44 |
16,133.50 |
9,934.65 |
6,198.85 |
788,572.93 |
|
45 |
16,133.50 |
9,857.16 |
6,276.33 |
782,296.59 |
|
46 |
16,133.50 |
9,778.71 |
6,354.79 |
775,941.81 |
|
47 |
16,133.50 |
9,699.27 |
6,434.22 |
769,507.58 |
|
48 |
16,133.50 |
9,618.84 |
6,514.65 |
762,992.93 |
|
49 |
16,133.50 |
9,537.41 |
6,596.08 |
756,396.85 |
|
50 |
16,133.50 |
9,454.96 |
6,678.54 |
749,718.31 |
|
51 |
16,133.50 |
9,371.48 |
6,762.02 |
742,956.30 |
|
52 |
16,133.50 |
9,286.95 |
6,846.54 |
736,109.75 |
|
53 |
16,133.50 |
9,201.37 |
6,932.12 |
729,177.63 |
|
54 |
16,133.50 |
9,114.72 |
7,018.78 |
722,158.85 |
|
55 |
16,133.50 |
9,026.99 |
7,106.51 |
715,052.34 |
|
56 |
16,133.50 |
8,938.15 |
7,195.34 |
707,857.00 |
|
57 |
16,133.50 |
8,848.21 |
7,285.28 |
700,571.72 |
|
58 |
16,133.50 |
8,757.15 |
7,376.35 |
693,195.37 |
|
59 |
16,133.50 |
8,664.94 |
7,468.55 |
685,726.82 |
|
60 |
16,133.50 |
8,571.59 |
7,561.91 |
678,164.91 |
|
61 |
16,133.50 |
8,477.06 |
7,656.43 |
670,508.47 |
|
62 |
16,133.50 |
8,381.36 |
7,752.14 |
662,756.33 |
|
63 |
16,133.50 |
8,284.45 |
7,849.04 |
654,907.29 |
|
64 |
16,133.50 |
8,186.34 |
7,947.15 |
646,960.14 |
|
65 |
16,133.50 |
8,087.00 |
8,046.49 |
638,913.64 |
|
66 |
16,133.50 |
7,986.42 |
8,147.08 |
630,766.57 |
|
67 |
16,133.50 |
7,884.58 |
8,248.91 |
622,517.65 |
|
68 |
16,133.50 |
7,781.47 |
8,352.03 |
614,165.63 |
|
69 |
16,133.50 |
7,677.07 |
8,456.43 |
605,709.20 |
|
70 |
16,133.50 |
7,571.37 |
8,562.13 |
597,147.07 |
|
71 |
16,133.50 |
7,464.34 |
8,669.16 |
588,477.91 |
|
72 |
16,133.50 |
7,355.97 |
8,777.52 |
579,700.39 |
|
73 |
16,133.50 |
7,246.25 |
8,887.24 |
570,813.15 |
|
74 |
16,133.50 |
7,135.16 |
8,998.33 |
561,814.82 |
|
75 |
16,133.50 |
7,022.69 |
9,110.81 |
552,704.01 |
|
76 |
16,133.50 |
6,908.80 |
9,224.70 |
543,479.31 |
|
77 |
16,133.50 |
6,793.49 |
9,340.00 |
534,139.31 |
|
78 |
16,133.50 |
6,676.74 |
9,456.75 |
524,682.56 |
|
79 |
16,133.50 |
6,558.53 |
9,574.96 |
515,107.59 |
|
80 |
16,133.50 |
6,438.84 |
9,694.65 |
505,412.94 |
|
81 |
16,133.50 |
6,317.66 |
9,815.83 |
495,597.11 |
|
82 |
16,133.50 |
6,194.96 |
9,938.53 |
485,658.58 |
|
83 |
16,133.50 |
6,070.73 |
10,062.76 |
475,595.81 |
|
84 |
16,133.50 |
5,944.95 |
10,188.55 |
465,407.26 |
|
85 |
16,133.50 |
5,817.59 |
10,315.90 |
455,091.36 |
|
86 |
16,133.50 |
5,688.64 |
10,444.85 |
444,646.51 |
|
87 |
16,133.50 |
5,558.08 |
10,575.41 |
434,071.09 |
|
88 |
16,133.50 |
5,425.89 |
10,707.61 |
423,363.48 |
|
89 |
16,133.50 |
5,292.04 |
10,841.45 |
412,522.03 |
|
90 |
16,133.50 |
5,156.53 |
10,976.97 |
401,545.06 |
|
91 |
16,133.50 |
5,019.31 |
11,114.18 |
390,430.88 |
|
92 |
16,133.50 |
4,880.39 |
11,253.11 |
379,177.77 |
|
93 |
16,133.50 |
4,739.72 |
11,393.77 |
367,784.00 |
|
94 |
16,133.50 |
4,597.30 |
11,536.20 |
356,247.80 |
|
95 |
16,133.50 |
4,453.10 |
11,680.40 |
344,567.40 |
|
96 |
16,133.50 |
4,307.09 |
11,826.40 |
332,741.00 |
|
97 |
16,133.50 |
4,159.26 |
11,974.23 |
320,766.77 |
|
98 |
16,133.50 |
4,009.58 |
12,123.91 |
308,642.85 |
|
99 |
16,133.50 |
3,858.04 |
12,275.46 |
296,367.39 |
|
100 |
16,133.50 |
3,704.59 |
12,428.90 |
283,938.49 |
|
101 |
16,133.50 |
3,549.23 |
12,584.26 |
271,354.23 |
|
102 |
16,133.50 |
3,391.93 |
12,741.57 |
258,612.66 |
|
103 |
16,133.50 |
3,232.66 |
12,900.84 |
245,711.82 |
|
104 |
16,133.50 |
3,071.40 |
13,062.10 |
232,649.72 |
|
105 |
16,133.50 |
2,908.12 |
13,225.37 |
219,424.35 |
|
106 |
16,133.50 |
2,742.80 |
13,390.69 |
206,033.66 |
|
107 |
16,133.50 |
2,575.42 |
13,558.07 |
192,475.58 |
|
108 |
16,133.50 |
2,405.94 |
13,727.55 |
178,748.03 |
|
109 |
16,133.50 |
2,234.35 |
13,899.15 |
164,848.89 |
|
110 |
16,133.50 |
2,060.61 |
14,072.88 |
150,776.00 |
|
111 |
16,133.50 |
1,884.70 |
14,248.80 |
136,527.21 |
|
112 |
16,133.50 |
1,706.59 |
14,426.91 |
122,100.30 |
|
113 |
16,133.50 |
1,526.25 |
14,607.24 |
107,493.06 |
|
114 |
16,133.50 |
1,343.66 |
14,789.83 |
92,703.23 |
|
115 |
16,133.50 |
1,158.79 |
14,974.71 |
77,728.52 |
|
116 |
16,133.50 |
971.61 |
15,161.89 |
62,566.63 |
|
117 |
16,133.50 |
782.08 |
15,351.41 |
47,215.22 |
|
118 |
16,133.50 |
590.19 |
15,543.31 |
31,671.91 |
|
119 |
16,133.50 |
395.90 |
15,737.60 |
15,934.32 |
|
120 |
16,133.50 |
199.18 |
15,934.32 |
0.00 |
Loan amount x rpm x (1+pm)
(1+pm)
- rpm= interest per month (rate of interest per year/12)
- n= number of installments
NB: If you have a fixed budget towards EMI you can arrive at loan amount by changing the other variables such as by reducing the rate of interest or by increasing the tenure of loan. This can also be arrived at through EMI calculator by a trial-and-error approach.
Response
ATM debit cards may be offered at the time of opening BSBDA and issued if the customer requests for the same in writing. Banks need not force ATM debit cards on such customers.
રિઝર્વ બેંક ઑફ ઇન્ડિયા મોબાઇલ એપ્લિકેશન ઇન્સ્ટૉલ કરો અને લેટેસ્ટ ન્યૂઝનો ઝડપી ઍક્સેસ મેળવો!
