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Its very possible that the brand new Economic Plan Committee (MPC) of Set aside Lender out-of India (RBI) will keep the insurance policy repo rates within its next meeting. This new escalating dispute between Iran and you can Israel may lead to high rough oils cost, posing inflationary risks, when you find yourself financial growth stays stable. The current repaired repo rate away from 6.5% when you look at the India have brought about home loan pricing to remain undamaged, starting a challenge to own individuals to the whether to prepay the fund or remain their money procedures.
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Based on income tax legislation, Pranay is eligible so you’re able to avail an income tax deduction of up to Rs step one.5 lakh significantly less than Section 80C for the prominent amount paid-in a financial seasons. At exactly the same time, they can allege up to Rs 2 lakh into appeal count below Part 24 per year.
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