https://www.taxtmi.com/news?id=3757 Banks may offer differential interest rates on single-term deposits of Rs.15.00 lakh and above at their discretion, provided the interest rates payable are disclosed in advance to the depositor and are not subject to negotiation. RBI has required banks to adopt a Board-approved transparent policy on pricing of liabilities and to ensure minimal variation between rates on large single-term deposits and other term deposits; the Government has advised public sector banks to reduce high-cost deposits. en-us Thu, 06 Sep 2012 18:44:35 +0530 Thu, 06 Sep 2012 18:44:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3757 Banks may offer differential interest rates on single-term deposits of Rs.15.00 lakh and above at their discretion, provided the interest rates payable are disclosed in advance to the depositor and are not subject to negotiation. RBI has required banks to adopt a Board-approved transparent policy on pricing of liabilities and to ensure minimal variation between rates on large single-term deposits and other term deposits; the Government has advised public sector banks to reduce high-cost deposits. News - Thu, 06 Sep 2012 18:44:35 +0530 https://www.taxtmi.com/news?id=3757