ilmscore | Prediction Details
"even if the scheme says the interest rate is 7.5 percent the effective interest rate is 7.7 because of the magic of quarterly compounding"
By CA Rachana Phadke Ranade | July 21, 2023 | Pending
From video
Is Mahila Samman Savings Certificate worth investing? | CA Rachana Ranade 00:05:36 - 00:05:44
Interpreted Prediction
The Mahila Samman Savings Certificate Scheme 2023 will offer an effective interest rate of 7.7% due to quarterly compounding, despite a stated rate of 7.5%.

Prediction Details

Topic
Mahila Samman Savings Certificate Scheme 2023 - Effective Interest Rate

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