Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 125)
125.
What is the revised threshold for bulk fixed deposits set by the Reserve Bank of India?
Answer: Option
Explanation:
The Reserve Bank of India (RBI) has increased the threshold for bulk fixed deposits from Rs 2 crore to Rs 3 crore. This adjustment aims to refine liquidity management and align deposit classifications with current economic needs. Bulk fixed deposits typically offer higher interest rates compared to retail term deposits and play a crucial role in banks' liquidity management practices.
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