What is the proposed increase in the minimum amount for offering non-callable term deposits (TDs) based on the recent announcement by RBI?
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 Typically, banks offer higher rates on non-callable deposits – those that cannot be withdrawn before maturity.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%.
Bajrang Punia is related to which of the following sports?
As per the RBI Act 1934, when are the minutes of the proceedings of the meeting being published?
With reference to abundant elements in Earth's Crust, which among the following is the most abundant metal in the earth's crust?
From which of the following launch bases was India's telecommunication satellite named GSAT-30 launched?
As India is hosting the G20 Presidency for 2023 for the first time and it has invited many guest countries. Which of the following is not invited as a ...
Which ports belong to the western coast of India?
The Treaty of Mangalore was signed between Tipu Sultan and the British East India Company in the year _______.
The Insurance Amendment Bill 2021 proposes an increase in the foreign direct investment (FDI) limit in the insurance sector. What is the proposed incre...
Which state recently re-adopted its Prohibition of Online Gambling and Regulation of Online Games Bill, 2022?
