Savings account holders Good News

Savings account holders Good News,Savings account holders Good News for indian banks If your bank savings account is good news for you. In fact, the RBI, the Finance Ministry proposed that the freedom to set interest rates on savings accounts banks is given completely. Banks may increase the competition. Increased interest rates on bank savings accounts, common people and the government itself will benefit all three. Rising interest rates on savings accounts of banks will increase the cash which will end the issue of liquidity in the market are struggling with inflation as well as relief to the common man than this.RBI said that more than two million of the savings account interest rates decontrolled wants but few large banks are opposed. Although many banks are struggling with cash problems have increased interest rates on deposits, but not solve the problem even though banks have now followed by banks raise interest rates on savings accounts has decided to rule on the issue, the Ministry of Finance about currently has 3.5 per cent interest on savings accounts get. And RBI after the new proposal would increase competition in the banks over interest rates.