Banking · Bank Rates
What is meant by the 'Savings Bank Rate'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rate at which RBI borrows from commercial banks
- 2Interest rate offered by banks on small savings of customers✓
- 3Rate charged for overdraft facilities
- 4Rate at which banks lend to customers
Correct answer
Interest rate offered by banks on small savings of customers
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