The Reserve Bank of India on Friday deregulated the interest rate on savings accounts in urban co-operative banks (UCBs), a move that will fetch better returns for depositors.
In a notificationaddressed to all primary (urban) co-operative banks, the RBI said lenders were free to determine their savings bank deposit rate subject to two conditions.
This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every
month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
You have read {{data.cm.views}} out of {{data.cm.maxViews}} free articles.
This is your last free article.