Savings Interest Rates on a Decline
Moneylife Digital Team 21 August 2015

Banks now tweaking their offerings along with cutting rates

 

After the Reserve Bank of India (RBI) deregulated interest rates on savings accounts in October 2011, Yes Bank, Kotak Mahindra Bank and IndusInd Bank have been attracting customers with higher interest on savings account balances. They are now tweaking their offering, with a slightly lower rate for lower balances. Larger private...
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