GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Interest rate “Savings deposit” now a days is decided by -
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IBA
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RBI
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SBI
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Respective Banks
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Explanation:
Detailed explanation-1: -Current RBI Interest Rates 2023. Reserve Bank of India (RBI), the central banking institution of India controls the monetary policy of the Indian currency. The key repo rate has been hiked on 8 February 2023 by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) by 25 basis points to 6.50%.
Detailed explanation-2: -The Domestic & NRO Rupee Term Deposits can be opened for minimum period of 7 days (Minimum deposit Rs. 1 Lac) and maximum up to 10 Years. For NRE Term Deposits, minimum period is 1 Year and maximum up to 10 Years.
There is 1 question to complete.