Join Examsbook
Answer : 4. "Reserve Bank of India"
In India, the interest rate on savings accounts in all nationalized commercial banks is determined by:
5Q:
In India, the interest rate on savings accounts in all nationalized commercial banks is determined by:
- 1Finance Minister of Indiafalse
- 2Central Finance Commissionfalse
- 3Indian Bank Associationfalse
- 4Reserve Bank of Indiatrue
- Show AnswerHide Answer
- Workspace
Answer : 4. "Reserve Bank of India"
Explanation :
The interest charged on savings account deposits generally ranges from 2.70% to 7.75% per annum.