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Who can fix the interest rates of NRI deposits in India?
Banks as per the directive of Reserve Bank Of India (RBI).
What does schedulded bank means?
A Scheduled bank in India is a bank that is approved by the Reserve Bank of India (the Central Bank of India that monitors banking operations in India) to provide banking facilities to the citizens of the country. They are authorized to provide banking services like bank accounts, loans, fixed deposits etc.
Is yes bank an foreign bank?
No. YES Bank is a scheduled commercial bank that is allowed to provide banking services to the citizens of India. They can also accept fixed deposits from customers and pay interest on it. It is a private bank that is not owned by the government of India.
How reliable is Allahabad Bank?
Allahabad Bank- bank deposits,international banking,education loans,housing loans. The public sector bank in india provides a lot of facilities. Allahabad Bank is therefore now the oldest joint stock bank in India.
Is yes bank a commercial bank?
Yes. YES Bank is a scheduled commercial bank that is allowed to provide banking services to the citizens of India. They can also accept fixed deposits from customers and pay interest on it. It is a private bank that is not owned by the government of India.
What are different types of bank accounts?
In India: Savings Account Current Account Fixed Deposits account Recurring Deposits account DEMAT Account etc.
India's high interest rate bank?
Fixed deposits for 3-5 years, UCO, Oriental, etc
Is yes bank is scheduled bank or allowed for deposit receipt by RBI?
Yes. YES Bank is a scheduled commercial bank that is allowed to provide banking services to the citizens of India. They can also accept fixed deposits from customers and pay interest on it. It is a private bank that is not owned by the government of India.
HONK KONG sanhai bank corporation is schedule bank or not?
Hong Kong and Shanghai Banking Corporation - HSBC Bank is a scheduled private bank that is approved by the Reserve Bank of India to carry out banking operations within India's borders. The country is authorized to collect deposits, provide bank accounts, grant loans and credit cards etc. in India.
Are deposits assets or liabilities of a bank?
Customers deposits in a bank are the bank's liabilities because they are OWED to the customer.
Is it mandatory to have a saving account in State Bank of India before opening a Public Provident Fund account in State bank of India?
No. u don't need to open savings a/c for opening ppf a/c in sbi.
Is your fixed deposit safe in a nationalised bank?
Yes. It is perfectly safe. A Nationalized bank in India is one that is owned by the government of India and the government is responsible for the money that is deposited into it. Even if the bank goes bankrupt, the government is bound to repay all the deposits that were held in the bank by customers.
