https://www.taxtmi.com/news?id=14369 Banks may set term deposit interest rates freely subject to Board approval; they may also institute fixed deposit schemes for resident senior citizens offering higher fixed rates, which do not apply to non resident deposits. Recent policy rate cuts have led several public sector banks to reduce median term deposit rates, illustrating transmission of monetary easing into deposit pricing. en-us Fri, 24 Apr 2015 18:20:56 +0530 Fri, 24 Apr 2015 18:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14369 Banks may set term deposit interest rates freely subject to Board approval; they may also institute fixed deposit schemes for resident senior citizens offering higher fixed rates, which do not apply to non resident deposits. Recent policy rate cuts have led several public sector banks to reduce median term deposit rates, illustrating transmission of monetary easing into deposit pricing. News - Fri, 24 Apr 2015 18:20:56 +0530 https://www.taxtmi.com/news?id=14369