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The HIGHEST SAFETY CRISIS has reaffirmed “AAA/Stable rating & ICRA has reaffirmed “MAYA (stable) rating for twenty-third consecutive year. RECURRING DEPOSITS (RD) PLAN (Fixed Rate Option) Perforate
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The highest safety variable rate is the maximum interest rate allowed on a variable rate loan.
Lenders and financial institutions are required to report the highest safety variable rate.
The highest safety variable rate can be filled out by providing the current interest rate on the variable loan.
The purpose of the highest safety variable rate is to ensure that lenders do not charge excessive interest rates on variable rate loans.
The information reported on the highest safety variable rate includes the loan amount, interest rate, and any fees associated with the loan.
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