BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Private sector lender Axis Bank reduced interest rate on savings bank accounts by 50 basis points to 3.5 percent for deposits up to
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Rs 1 lakh
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Rs 80 lakh
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Rs 20 lakh
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Rs 50 lakh
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Explanation:
Detailed explanation-1: -Earn 8.4%* Interest on FD Axis Bank offers FD rates of 3.50-7.26% p.a. to the general public and 3.50-8.01% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Axis Bank Tax Saving FDs is 7.00% p.a. for the general public and 7.75% p.a.
Detailed explanation-2: -7% interest isn’t something banks offer in the US, but one credit union, Landmark CU, pays 7.50% interest, though there are major requirements and stipulations.
Detailed explanation-3: -3.50% p.a. The interest is calculated basis incremental balance slabs upto Rs. 800 Crs.
There is 1 question to complete.