Interest rate on deposit in savings bank account presently is ________.

Fixed by RBI

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Fixed by the respective Banks

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Fixed by the Depositors

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Fixed as per the contract between Bank and the Consumer Court

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Not paid by the Bank

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Solution

The correct option is B Fixed by the respective Banks
With effect from October 25, 2011, interest rate on deposit in savings bank account stands deregulated. Accordingly, banks are free to determine their interest rate on deposit in savings bank account.

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Interest rate on deposit in savings bank account presently is ________.

The correct option is B Fixed by the respective BanksWith effect from October 25, 2011, interest rate on deposit in savings bank account stands deregulated. Accordingly, banks are free to determine their interest rate on deposit in savings bank account.

The correct option is B Fixed by the respective Banks
With effect from October 25, 2011, interest rate on deposit in savings bank account stands deregulated. Accordingly, banks are free to determine their interest rate on deposit in savings bank account.