Fixed Deposits: Interest rates variation on FDs
Moneylife Digital Team 10 September 2012

RBI directs banks to make deposit rates uniform

 

The RBI asked state and central co-operative banks to put in place a board-approved transparent policy on pricing of liabilities, after it found that there were wide variations in the interest rates offered by banks on single term deposits of Rs15 lakh and above and those offered on other deposits (i.e., deposits less than Rs 15 lakh) of...

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