Question
Which bank has gone live with ‘Direct Tax
Collections’ on behalf of the Government of India through the new Tax Information Network (TIN2.0) portal. The Bank also offers customs duty collections through a direct interface via ICEGATE?Solution
RBL Bank has gone live with ‘Direct Tax Collections’ on behalf of the Government of India through the new Tax Information Network (TIN2.0) portal. The Bank also offers customs duty collections through a direct interface via ICEGATE. This enhanced service will enable RBL Bank customers to make direct tax payments seamlessly via various digital channels and RBL Bank branches. Leveraging its enhanced technology framework, the solution provides an easy, user-friendly platform for managing direct tax payments and marks an important milestone in RBL Bank’s Government Banking offerings. This segment is one of the key focus area for the Bank as a high enabler for growing its liability franchise.
A sum of Rs. 9,600 grows to Rs. 12,696 when invested at an annual compound interest rate of 'R%' for 2 years. What is the value of 'R'?
The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 25% p.a. for 2 years, is Rs. 120. If...
Rs. 9000 is invested in scheme ‘A’ for 2 years and Rs. 7500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 10% ...
R' invested an amount of Rs. 'r' for a duration of 4 years, while 'S' invested Rs. 6000 for 18 months. The ratio of their respective profits is 16:9. De...
Bittu, Tittu and Mitthu invested Rs. 80000, Rs. 100000 and Rs. 120000 respectively to start a business . Partnership condition is that, each will get in...
The simple interest received on a certain sum is Rs. 1200 less than the sum invested. If the sum was invested at 20% p.a. for 4 years, then find the sim...
'X' deposited Rs.24000 at 20% per annum compound interest in SIP 'P' while Rs.18600 at 24% per annum simple interest in SIP 'Q'. What would be his total...
Simple interest earned on an amount of Rs. 2600 at rate of R% per annum after 4 years is Rs. 1300. Find the simple interest earned on an amount of Rs. 1...
An amount is invested at a compound interest rate of 21% per annum, with compounding occurring once every 10 months. After 20 months, the interest earne...
A certain sum of money becomes Rs. 1800 in 1 year and 2500 in 3 years at certain rate of simple interest. Find the sum of money invested.