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Daily Archives: May 11, 2021

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Interest payable on unclaimed deposit transferred to DEA Fund: RBI

DepositsBy Surendra NaikMay 11, 2021

All the banks are advised to calculate the interest payable on interest bearing deposits transferred to RBI at the rate of 3 percent per year with effect from May 11, 2021 till the time of payment to the depositor/claimant. The interest rate was 4 per cent p.a. up to June 30, 2018, and 3.5 per…

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