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Banking Query

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(Querist)
20 November 2008 1)What is the interest rate in Current A/c?
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Vivek Banginwar

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Vivek Banginwar (Expert)
20 November 2008 Please Quote the name of Bank?
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K V Subba Rao

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K V Subba Rao (Expert)
20 November 2008 As per information avaialble in http://www.iba.org.in/account.asp,
"In terms of RBI directive banks are not allowed to pay any interest on the balances maintained in Current accounts".
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Aranya Dey

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Aranya Dey (Querist)
21 November 2008 Thanks Mr.Rao for the nice answer.

Aranya

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