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Interest on Savings deposit nowadays is ...

Interest on Savings deposit nowadays is ______.

A

Fixed by RBI

B

Fixed by the respective Banks

C

Fixed by the Depositors

D

Fixed as per the contract between Bank and the Consumer Court

Text Solution

Verified by Experts

The correct Answer is:
D

With effect October 25,2011 , saving bank deposit interest rate stands deregulated. Accordingly , banks are free to determine their savings bank deposit interest rate
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