Math, asked by Priyanshukanojia20, 10 months ago

Survey on the different rate of interest offer on different account by four banks take to private banks and to government banks.​

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Answered by greatanswers
5

Survey on the interest rate offered on different accounts in different banks.

According to the Global Findex Database, around 80 percentage of Indians own a bank account. They hold different set of accounts in different banks as Indian banks provide different set of interest rates to bring customers in.

For example: Here I have compared the Interest rate of two Indian private banks and two government owned banks.

Government Banks:

Canara Bank Interest Rate (Per Year): Canara bank offers 6.30% interest for the FD(Fixed Deposit) account holders and 6.80% for the Senior Citizen account holders.

State Bank of India Interest Rate (Per Year): SBI Offers  6.10% for normal FD accounts and 6.60% to the Senior Citizen accounts.

Private Banks:

Axis Bank Interest Rate (Per Year): Axis bank offers 6.40% for General FD account holders and 7.05% for senior citizens.

ICICI Bank Interest Rate (Per Year): 6.20% for regular FD account and 6.70% for senior citizen account.

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