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Who decides d rate of interest on saving account??

Answer Posted / 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



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