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Reduction in Interest Rates

Dated:- 31-7-2015 - The Reserve Bank of India (RBI) has deregulated the interest rates on term deposits from October, 1997. Accordingly, banks are now free to fix the interest rates on term deposits subject to the approval of their respective Boards. .....

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quired to offer a uniform interest rate on savings bank deposits up to ₹ 1 lakh; ii) For savings bank deposits over ₹ 1 lakh, a bank may provide differential rates of interest, if it so chooses. However, there should not be any discrimina .....

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environment, banks have complete freedom in deciding their spread, risk premia, term premia and other customer specific charges as considered appropriate on the loans and advances based on their commercial judgement. However, there are some exceptio .....

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