Accountancy, asked by janak8760, 1 year ago

Interest rates on saving accounts are decided by
a. Reserved bank of India
b. Union Cabinet
c. Finance Ministry
d. Individual Banks

Answers

Answered by msk78623
1

The minimum interest on Savings Bank account is 3.5 % pa .There is no upper limit and decided by each bank .The 3.5 % minimum is contained in a Govt /RBI Circular.

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