Thursday, June 7, 2018

RBI reduces interest rate on unclaimed deposits by 50 bps to 3.5% | | Best Investment adviser in India | Genuine Stock advisory company | Reliable Intraday Tips Provider | Best Intraday trading tips

RBI reduces interest rate on unclaimed deposits by 50 bps to 3.5% | | Best Investment adviser in India | Genuine Stock advisory company | Reliable Intraday Tips Provider | Best Intraday trading tips: Interest rate on unclaimed deposit amount transferred to Depositor Education and Awareness (DEA) fund has been reduced by 50 basis points to 3.5 per cent, the Reserve Bank said today. In June 2014, RBI had specified that the rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing

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