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Who decides d rate of interest on saving account??
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Answer Posted / manoj tumuluri
Up until late 2011, RBI Decided the Interest rates that
banks offered on Savings Account. However, recently the RBI
Deregulated this policy and gave banks the freedom to set
their own interest rates on savings accounts provided they
gave a minimum of 4% on them.
I have posted this on 5-8-2012.
| Is This Answer Correct ? | 81 Yes | 11 No |
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