Hi guys,
Currently, my loan account is showing the following details
| Account Number | 00000032681877580 |
| Name | Mr. AMIRISETTI SATISH KUMAR |
| Description | MAXGAIN SURAKSHA |
| Limit | 38,638.00 |
| Drawing Power | 37,452.00 |
| Outstanding Amount | 35,756.00 |
| Rate of Interest | 10.7 |
| Currency | INR |
| C.Y.YTD Interest | 1689.0 |
| P.Y.YTD Interest | 1319.0 |
ROI is shown as 10.7 but in some of the posts in this website, I saw 9.95% for loan account as well.
why is it so? Can you help me understand this
Thanks in advance
Satish