Banks can pay less on matured bulk FDs: RBI
In a bid to discourage businesses from using a bank for treasury management, the Reserve Bank of India has allowed banks to offer the lower of either the savings deposit rate or fixed deposit rate on matured FDs.
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In a bid to discourage businesses from using a bank for treasury management, the Reserve Bank of India has allowed banks to offer the lower of either the savings deposit rate or fixed deposit rate on matured FDs.
