FIXED INTEREST RATES|FLOATING INTEREST RATES|BANK INTEREST RATES| REPO RATES| BY K.B.GOPALAKRISHNAN

FLOATING AND FIXED RATES- CONVERT TO FIXED RATES.

by Chennai based astrologer K.B.Gopalakrishnan

1st JULY, 2008 8:35 PM

God gave a wonderful situation to predict on the fixed and floating rate. I asked my friend Ramalingam for some emergency expenses. He was also to buy the land. He combined both and took the loan. Kind enough to give me money

Then it turned out little less than expected of the details. I started asking for details about the bank interest rates and he had no answers. Then I realized that I have got in to mess. Any way I asked his wife and him to find out the details. Slowly it began to emerge that the banks were less than willing to provide information. They were playing all kinds of games. Then they gathered many details and I asked them to convert from floating to fixed rate

Following is the predictions. I owe it to Mrs. Jayashree Ramalingam and Mr. Ramaligam and god, for god has tricky ways of showing me the reality.

The RBI has increased REPO rate and CRR rates many times from 2001. So the first question is- will interest rate go up. Chennai based astro analyst K.B.Gopalakrishnan says that the interest rates will go up and not be surprised even if it reaches 16- 17%

The banking industry in India is tightly controlled Reserve Bank Of India is never comfortable with lot of money with public. So it will put checks and balances all the time.

So Chennai based astro analyst K.B.Gopalakrishnan says that if you have floating rates for houses, bikes or cars or any kind of loan convert it to fixed. The banks especially private one like ICICI and HDFC will play games. He warns people to be careful with private banks and easier with the nationalized banks

Here are the suggestion Given by K.B.Gopalakrishnan

Convert from private bank to private sector bank if possible.
Pay of the loan quickly and do not dream of Indian market of being in the boom period forever.
If you are the reader of the web site help people to convert from floating to fixed.
Secondly do not listen to what sales people tell you for they are meant to get business.
Study the finer details of bank’s agreement and you will appreciate what is said in terms of interest rate.

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