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New move in Indian banking sector

Thursday, April 1, 2010 | Labels: | |


Banking sector today apply new change. This new change is beneficial to all saving account . Bank will pay interest on daily basis instead of taking lowest deposit during the month for calculating interest amount on saving account.

Presently bank says 3.5 per cent on saving account on the basis of the lowest deposite in an account between 10th and the last day of month.

This initiative of Reserve Bank of India are make Indian bank sector more fare and transparent. Such small steps will grow banking sector.

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