SBI: Reduce fixed deposit minimum tenure to 3 days

.....Speaking on the issue of interest rates on savings bank deposits, SBI Chairman Pratip Chaudhuri said he had requested the regulator to reduce the tenure of minimum deposit from seven days to three days. “We think a savings bank is not about rate of interests alone. It is about the facilities, the experience and so on. In fact, I am requesting RBI, time and again, that the tenure of minimum deposit be reduced from seven days to three days,” he said........

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