BENGALURU: Reading about interest rates is a boring. However it plays an important part in our financial life. Now days it is common for people to invest and yet is utterly important to know about the interest rates you would be paying. Knowledge on interest rates makes it easier for you to choose a suitable loan or investment. Below mentioned are the key interest rates for you to know about as compiled by YAHOO FINANCE.

FOR DEPOSITS:

#1 Nominal interest rate: In finance and economics, nominal interest rate or nominal rate of interest refers to two distinct things: the rate of interest before adjustment for inflation; or, for interest rates "as stated" without adjustment for the full effect of compounding, also referred to as the nominal annual rate. It is one of the simplest of all interest rates. It is the actual interest that is put on your loan or deposit.

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