RBI must ensure daily interest on savings a/cs from April 1

Abstract

Onus is squarely on the regulator. Not enforcing it would mean banks continue to thrive at account holder’s expense. A passing observation by Reserve Bank of India (RBI) governor in the annual policy statement for 2009-2010 made on April 21, 2009, is important and reveals how the banking system is taking the common customer for a big ride in terms of making them lose a significant amount of interest from the savings bank accounts. Reading more at: https://www.dnaindia.com/business/comment-rbi-must-ensure-daily-interest-on-savings-acs-from-april-1-1349247