question_answer

RBI has deregulated interest rate for savings accounts. What does it suggest?

A)  Customers will get the benefit of higher interest rates

B)  Banks will have the right to fix their interest rates independently

C)  Each bank will have their respective interest rates without the need to adhere to fixed interest rate common to all banks

D)  Banks will decide interest rates for individual customers according to their savings.

E)  None of these