The Reserve Bank of India (RBI) increased the threshold above which banks can offer retail deposits without premature withdrawal from ₹15 lakh to ₹1 crore. This means banks will now have to let retail depositors withdraw fixed deposits below ₹1 crore. Typically, banks offer higher rates on non-callable deposits – those that cannot be withdrawn before maturity. For instance, State Bank of India (SBI) offers 7.1% on a one-year, non-callable term deposit of over ₹15 lakh and below ₹2 crore, while the rate on a callable counterpart below ₹2 crore is 6.8%.
Where can Nar Narayan Cave be found?
With which of the following countries is the ‘Navanna’ festival associated?
In which type of farming the fertility of soil is restored naturally ?
In India, which of the following regulatory mechanisms was NOT in existence to enforce regulation of the industrial sector?
Which IPL player-team pairing is correctly matched for IPL 2024?
Where is the headquarters of DRDO?
Indian origin ____________, was United Kingdom's Home Secretary until November 2023.
Who announced the extension of the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme support to additional export sectors in New Delhi?
What is the default alignment of numbers in an Excel worksheet?
