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The issue of Uniform interest Rate on Savings Bank Account

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....he issue of Uniform interest Rate on Savings Bank Account <br>News and Press Release<br>Dated:- 21-12-2012<br><BR>Press Information Bureau Government of India Ministry of Corporate Affairs 20-Decem....

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....ber-2012 19:29 IST The issue related to the four per cent interest rate being paid by all public sector banks on savings bank deposits despite the Reserve Bank of India moving to an unregulated regim....

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....e in October, 2011 was considered by the Competition Commission of India. Giving this information in written reply to a question in the Lok Sabha today, Shri Sachin Pilot, Minister of Corporate Affair....

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....s, however, said that in the absence of sufficient information/material, the Commission decided not to pursue the matter. ------------------------ KKP<BR> News - Press release - PIB....