Question
The ‘INSPIRE’ program extends the existing perks,
including preferential interest rates, priority banking services, and doorstep banking facilities, to senior citizen customers of the bank.Additionally, this initiative offers life care benefits such as exclusive discounts on medication purchases, diagnostic services, and medical treatments. Which bank has launched this program?Solution
Elderly individuals who bank with Bandhan Bank can now celebrate a new initiative tailored just for them, known as ‘INSPIRE’, recently introduced by the bank. The ‘INSPIRE’ program extends the existing perks, including preferential interest rates, priority banking services, and doorstep banking facilities, to senior citizen customers of the bank Additionally, this initiative offers life care benefits such as exclusive discounts on medication purchases, diagnostic services, and medical treatments. Partnering with healthcare service providers, the program provides concessions on doctor consultations, medical check-ups, and dental care. The bank also has plans to introduce added features, such as direct access to phone banking officers, to enhance the overall banking experience for senior citizen customers.
Determine the value of 'K' if an investment of Rs. 30,000, made under a simple interest scheme at an annual rate of 18%, yields an interest amount of Rs...
'Fatima' deposited Rs. 6,500 in a SIP at simple interest of 10% p.a. If she earned Rs. 3,900 as interest, then find the duration (in years) for which th...
If the ratio of the sum invested and simple interest received after 1 year is 20:13 respectively, then find the rate of interest.
Kajal invested Rs. (y+2000) on compound interest at the rate of 18% per annum compounded annually in scheme P. She invested Rs. ‘y’ on 20% per annum...
Aman invested Rs. 'a' and Rs. (a + 2300) in SIP 'P' and 'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If...
Rs. 10000 when invested at simple interest of r% p.a. amounts to Rs. 12000 in 24 months. If the same sum had been invested for 1 year at compound intere...
The ratio of the sums invested by ‘X’ and ‘Y’ in SIP ‘M’ and ‘N’ is 7:4, respectively. If ‘X’ invested Rs. 6300 more than ‘Y’, t...
A man invested ₹40,000 in two schemes A and B offering simple interest at the rate of 8% per annum and 10% per annum respectively. If the total intere...
Mr. X invested Rs. 1200 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 9% per annum a...
An investment of Rs. 9,600 at an annual interest rate of 'R' percent for three years yields a simple interest of Rs. 5,760. Calculate the compound inter...