Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Whether banks are permitted to offer differential rate of interest on other deposits?

April 26, 2017Banks deposits Differential Offer permitted rate

0

Posted

Whether banks are permitted to offer differential rate of interest on other deposits?

1 Answer

0

Posted

Banks can formulate special fixed deposit schemes specifically for resident Indian senior citizens offering higher and fixed rates of interest as compared to normal deposits of any size.