Economics · Banking in India
What is meant by the Deposit Rate in commercial banking?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The exchange rate used for foreign currency remittances
- 2The benchmark rate for purchasing sovereign gold bonds
- 3The rate at which banks extend credit to commercial borrowers
- 4The interest rate paid by banks on the fixed deposits of customers✓
Correct answer
The interest rate paid by banks on the fixed deposits of customers
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