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Interest Rate on Fixed Deposit

Dated:- 24-4-2015 - The rate of interest on fixed deposits by senior citizens given by nationalized banks differs from bank to bank. The Reserve Bank of India (RBI) has deregulated the interest rates on term deposits with effect from October 22, 1997 .....

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ecifically for resident Indian senior citizens, offering higher and fixed rates of interest as compared to normal deposits of any size. This additional interest rate is not applicable to any type of non-resident deposits. Following the reduction in t .....

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