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B Does the account holder suffer any loss of interest on such redesignation of accounts?

April 26, 2017account accounts loss redesignation

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B Does the account holder suffer any loss of interest on such redesignation of accounts?

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Ans. No. Banks have been advised to continue to pay interest at the contracted rate till the maturity of the deposit if the deposit is held for the full term even after conversion into resident rupee account. C.