Who decides d rate of interest on saving account??

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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

hi all i have shortlisted for bank of india interview . but i dont know how to prepare for that interview so please guide me with some model interview questions and tell me the sites in which i can get such interview questions

1914


Hi , Myself Vinay , I cleared Karnataka bank po exam held in April 2016 and I am in waiting list ( waiting list valid upto June 30th 2017)please suggest me anyone is there any chance to get a job or not.

1192


hi...i am rahul, i am trying to prepare for PO exam so can anyone send me syllabus and sample question paper for PO exam. please send to my mail_id: rsbarahate@yahoo.com Thanks!

1566


being a BSc nursing graduate how you useful in banking?

3058


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??

1809






what does mean of npa in banking sector

2109


i appeared for andhra bank po interview recently.i scored 159/250 in ibps in gen category.i have 4 yrs banking exp in sbi as clerical staff.with jaiib.but my interview was not so good.wat r my chances to get selected

2842


assets and liailitie, bank duties, ombudsman, contingent liability

1432


Question Bank exam for - Porbationary officer model qustion papers I want Please send by email id. as soon as possible

1886


I have been selected for the interview of technical officer(Civil Engg.) in Syndicate bank. For what kind of interview questions should I prepare and what should be my approach for the interview? Would they ask about banking technical too as I am being selected for the post being specialised in Civil Engg.?

2411


hi,i will get 73% in syndicate bank po exam which was held on 29.8.2010,is this enough to clear the exam?anyone who cleared bank po exams please reply to me

3484


exam. sbi clearical is cleared by me nov.2009 i am a visually handicaped persion albino kindly reply me what type of questions will they ask, and what type of work they will offer or i can tell them that this work i can do to the bank. kidly plz reply early thanks somesh

1467


hiii dis is babji if we got selected 4 in the interview also wen will be the medical test and wat all physicall fitneses will be checked??

2080


People who dont have the application form print out please suggest something to get rid of this pbm

1852


latest group discussion topics

4602