Interests payable on savings bank accounts in India is ........

Indian Economy (Easy) Money and banking

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Interests payable on savings bank accounts in India is ___

Not regulated

Regulated by RBI

Regulated by Central Government

Regulated by State Governments

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Explanation:

However, RBI regulates interest rates on savings bank accounts and the savings bank interest rate is currently fixed at 3.5% per annum, which is unchanged from March 1, 2003. A domestic rupee account may be opened as current, savings or term deposit.