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As per the reports in the financial news p...

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As per the reports in the financial news papers, the RBI, w.e.f. February 2007, has decided to pay some interest on the 'Cash reserve deposits' kept with it by various banks. What will be the rate of interest on such deposits?

  1. 0.5%
  2. 0.75%
  3. 1%
  4. 1.25%
Asked By : MuthukumarjooCategory : Allahabad Bank
Answer
a. 0.5%
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