Interested to Buy Any Domain ? << Click Here >> for more details...
Who decides d rate of interest on saving account??
- 12 Answers
- 53832 Views
- Allahabad Bank, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / 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 |
Answer / preeti
The Interest rates are given on saving account. The
interest rates were decided by RBI but now all banks
together decide the interest rate below 1 lakh because
according to rule the interest rate should be same of all
the bank below a lakh and above 1 lakh individual bank can
decide the interest rate.
| Is This Answer Correct ? | 26 Yes | 7 No |
Answer / ajitesh
I am flabbergasted to read the reply of DHANVARSHA. how can
u deny the existance of rate of interest on savings account
in India??
I am a banker myself and to bring it to your knowledge the
RBI has instructed the banks to offer 3.5% ROI on savings
account. Also the RBI is mulling over to de-regualte the
current rate of 3.5%. is the de-regulation takes effect
then the rate may even go high.
As far as the interview of Dhanvarsha for allahabad bank is
concerned, the interviewer might be checking her level of
confidence, and so she could have got confused. It happens
with everybody.
| Is This Answer Correct ? | 17 Yes | 8 No |
Answer / alice
dear all,
we all hv savings a/c atleast, check ur passbook
or a/c nd see tht bank puts money in ur a/c as intrest on
the saving a/c balance. mr. Ajitesh is right. the de -
regulation of ROI has happened wich means intrest offered
can be what ever bank wants to give more than 3.5% or even
less than 3.5%. if yu think my info is incredible i hv
already asked you to check yur own passbook
gud luck
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / deepti w
even i agree with ajitesh and alice....
the ROI offered on Savings Account is 3.5% presently...
but may be Dhanvarsha got confused between current A/c and
savings A/c....... Current a/c has 0% ROI but SB A/c has
3.5 % ROI. even i am working in bank... i got the interest
credited in to my account this 31 st august itself...
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / rajesh ku mishra
This rate is decided by Bank thats why rate is very f t nank to bank.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / dhanvarsha
Hi Ajitesh,
you seems to be very knowledgeble and learned banker and
have great ability to confuse others by using few
unwarranted jargons of words.
Any way God help u.
Thanks .
| Is This Answer Correct ? | 0 Yes | 16 No |
syndicate po result out!!!!!
please............... mail bank po quetion papers with solution and trick to crack the bank po exam emailid deepika22589@yahoo.in
hi i'm sandeep, have been shortlisted for idbi assisstant manager,but still i've not got any callletter or email from bank side. plz any body if u get any info. related interview pl send me on sandeep8321@gmail.com,plz suggest me some study material.
HOW TO PREPARE FOR THE GENERAL KNOWLEDGE SECTION? PLZ GIVE ME SOME IDEA....M WEAK IN THAT SECTION.
hi.......i have attempted syndicate bank po exam on 29.08.10.i have done 80% in apps,reason,computer,english.i have done only 50% in general awareness?Is it enough to clear the exam
Is there anyone who qualified for the PNB MT and went to give the Mains exam at Mumbai??? Pls come in touch regarding this....Any idea when they are going to declare the result of the Mains exam??
0 Answers Punjab National Bank,
hi friends this is hema appearing for syndicate bank po's,could any one help me how to prepare for the intrviw,and what's the interview pattern consist of?and what's the cutoff?
what are you expect from us
HI..This is shreya..I m working in dena bank as clerk..i m in probationary period..I wanted to apply for probationary officer exams of various banks.. In the ad they mention that u have to apply through appropriate channel in case u are already employed with psu bank.. What does it mean? Will i have to each time take a NOC from my bank? Wont that make a bad impression of me in dena bank? Also what if i dont tell them that i am currently employed ? How do u guys deal with it??
Dear Friends Yesterday i hav received the call letter for interview for the UCO bank PO on 19-08-2009.But on the same day i have an medical checkup date for SBH Clerics.Kindly inform what shoild i DO.
hi... can any body tell me when can i expect the list of shortlisted candidates of syndicate bank PO 2009.we had filled up the applications in feb2009. thanks in advance.their website says they will publish them in 2months which is already over in may.do share if anybody got any info...
i am from Rajasthan who got selected in syndicate bank po (exam held on 29 august 2010).not yet received any appointment letter any one who receive pls tell me on my id vikram.yadav85@gmail.com .
POs 
