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What is the interest rate on saving accounts in all nationalization banks in India?
Wiki User
∙ 13y ago
Currently it is at a minimum of 2.5 % p.a and banks offer upto 3.5% p.a on savings accounts.
p.a - per annum or per year
Wiki User
∙ 13y ago
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What is the present interest rate on saving bank account by rbi?
RBI does not give savings accounts. It is the banker of banks or the central bank of india. Regular banks in india will offer you savings accounts and the interest rate offered currently is 4% per annum.
Can anybody open a saving account in RBI?
RBI does not give savings accounts. It is the banker of banks or the central bank of india. Regular banks in india will offer you savings accounts and the interest rate offered currently is 4% per annum.
What is current interest rate on saving account issued by rbi?
In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
What is the current interest rate for a saving account?
Currently (2009), interest rates on savings accounts are very very low. Different banks have different interest rates. In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
How much interest is generated for 100000Rs per month in SBI saving account in India?
~750/-
What is the present interest rate on saving bank account by rbi?
RBI does not give savings accounts. It is the banker of banks or the central bank of india. Regular banks in india will offer you savings accounts and the interest rate offered currently is 4% per annum.
Can anybody open a saving account in RBI?
RBI does not give savings accounts. It is the banker of banks or the central bank of india. Regular banks in india will offer you savings accounts and the interest rate offered currently is 4% per annum.
What is current interest rate on saving account issued by rbi?
In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
What is the current interest rate for a saving account?
Currently (2009), interest rates on savings accounts are very very low. Different banks have different interest rates. In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
What are the effects of commercial bank nationalisation in India?
The effects of nationalization of the Commercial Bank in India is that it has had a positive effect on the economy. The natives of the country have directly benefited from nationalization of the bank because they own it.
How much interest is generated for 100000Rs per month in SBI saving account in India?
~750/-
How much interest is generated for 100000 per month in state bank of india NRE saving account in India jharkhand?
1000
What was average interest rate paid on savings accounts in 1986?
The average interest rate paid on savings accounts in India has been around the 3% mark for many years. However, recently it was hiked to be 4% in India which is the highest of any interest offered on savings accounts by banks in the world. So, my guess is that it should have been 3 or 3.5% in 1986.
When did the Nationalization of the bank took place for the first time in India?
1969
Which bank provides the best interest on bank accounts?
There are several banks that offer high interest savings accounts. ING Direct has a good reputation for offering a high interest rate with excellent customer service. Ally National Bank and American Express also provide high interest rates on their savings accounts.
What are the role of Reserve Bank of India?
The Reserve Bank of India is the central bank of India, and was established on April 1, 1935. The RBI is fully owned by the Government of India since nationalization in 1949.The Key roles of the RBI are:Regulator and supervisor of the financial systemManager of exchange controlIssuer of currencyBanker to the GovernmentBank to banks: maintains banking accounts of all scheduled banks
Is there daylight saving in India?
India does not observe Daylight Saving Time.
