RBI frees interest on co-op banks
Moneylife Digital Team 19 January 2012

RBI deregulated interest rate on savings accounts in all state and Central cooperative banks, a move that will fetch better returns for depositors.
RBI said the state and Central cooperative banks are free to determine their savings bank interest rate subject to two conditions: each bank will have to offer a uniform interest rate on savings bank deposits up to Rs1 lakh, irrespective of the...

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