Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions Flashcards
BULK Deposits for Scheduled Commercial Banks (excluding Regional Rural banks) and Small Finance Banks, Regional Rural banks, LAB, Urban Co-operative Banks means?
Single Rupee Term Deposit of
more than 3 Crore for Scheduled Commercial Banks (excluding Regional Rural banks) and Small Finance Banks,
More than 1 Crore for Regional Rural banks, LABS, UCB Tier 3 & 4 and
More than 15 Lakhs for UCB Tier 1 & 2.
Uniform Interest rate on Savings Account to all customers on balance up to Rupees……….., irrespective of the amount in the account within this limit.
One Lakh
Differential rates of interest on Savings Account may be provided for any ……………….. savings bank balance exceeding Rupees one lakh.
end-of-day
Banks shall have the freedom to determine the maturity/tenor of the Term deposit subject to the condition that minimum tenor of the deposit offered shall be ……… days.
7
Differential interest rate on Term Deposits shall be offered only on …………..
Bulk Deposits
Banks shall have the freedom to determine the maturity/tenor of the term deposit subject to the condition that minimum tenor of NRE term deposit shall be ………. and that of NRO term deposit offered shall be ………….
One year, Seven days
Periodicity of payment of Interest on Domestic/ Non-Residents savings deposits: Interest on savings deposit shall be credited at…………………….
quarterly or shorter intervals
Periodicity of payment of interest on domestic savings deposits for Co-operative Banks: Interest on savings deposit shall be credited at ……………………..
quarterly or longer intervals
No bank shall accept or renew FCNR (B) deposits over ………. and no recurring deposits ……………………. under the FCNR (B) Scheme.
five years, shall be accepted
Interest rates ceiling on FCNR (B) deposits for period 1 to 3 year and 3 to 5 years is………….
Overnight Alternative Reference Rate for the respective currency/ Swap plus 250 basis points and 350 basis points respectively
