BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Interest on Savings deposit nowadays is____[SBI Bank 2013]
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Fixed by RBI
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Fixed by the respective Banks
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Fixed by the Depositors
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Fixed as per the contract between Bank and the Consumer Court
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Explanation:
Detailed explanation-1: -In 2013, rates went up to 3.98%. A big reason for this was that the bond market panicked a little bit when the Federal Reserve said it would stop buying as many bonds.
Detailed explanation-2: -SBI FD rate hike: For TD of below Rs 2 crore Senior citizens will get a return of 7.30 per cent. For the tenor of 2 years to less than 3 years, the interest rate has been increased by 25 bps from 6.75 per cent to 7 per cent for the general public and 7.25 per cent to 7.50 per cent for senior citizens.
Detailed explanation-3: -While savings account rates at the banks MoneyRates surveyed throughout the past year averaged just 0.186 percent, Ally’s average was 0.883 percent.
There is 1 question to complete.