Interest rate guidance for rupee deposits consolidates updated instructions for domestic, NRO and NRE accounts across scheduled banks. Consolidation of instructions updates regulatory guidance on Interest Rates on Rupee Deposits for Domestic, NRO and NRE accounts, incorporating prior circulars into a single Master Circular. The circular provides the operative provisions for calculation, notification and applicability of interest rates and is directed to all Scheduled Commercial Banks (excluding regional rural banks), with the consolidated text published on the central bank's website and a copy enclosed for compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest rate guidance for rupee deposits consolidates updated instructions for domestic, NRO and NRE accounts across scheduled banks.
Consolidation of instructions updates regulatory guidance on Interest Rates on Rupee Deposits for Domestic, NRO and NRE accounts, incorporating prior circulars into a single Master Circular. The circular provides the operative provisions for calculation, notification and applicability of interest rates and is directed to all Scheduled Commercial Banks (excluding regional rural banks), with the consolidated text published on the central bank's website and a copy enclosed for compliance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
