Master Direction - Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 2016

Question 1

Ceiling on the rate of interest and brokerage to be paid by MNBC on deposits accepted?

Answer 1

Public Deposit – not more than 12.5%, Brokerage for deposit upto 1 year – 1%, 1-2 year – 1.25%, more than 3 years – 1.5 % of such deposits (only once)