American Express Platinum Charge Card Review

This is a review of American Express Platinum Charge Card. This premium card offers a no “pre-set spending limit” providing greater flexibility as per the user’s need (but not unlimited spending). About the author: Arjun is a financial services professional, keen about personal finance and special enthusiasm about Credit Cards and the points and rewards…

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Examples: Payment of difference bet compound interest & simple interest in loan accounts

Following the Supreme Courtā€™s direction, the government came up with a scheme to waive off interest on interest during the 6 month moratorium period for eligible loans. As per the scheme, the lending institutions shall credit the difference between compound interest and simple interest to his account whether the borrower has availed the moratorium fully,…

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Payment of difference bet compound interest & simple interest in loan accounts: Will you benefit?

RBI has notified the scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for six months to borrowers in specified loan accounts (01.3.2020 to 31.08.2020). Why was this done? Will you benefit? About the author: Anjesh Bharatiya is a 30+ taxman by profession and a Chemical Engineer by education….

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