What interest rate is applied on balances on Cash Reserve Ratio (CRR) deposits maintained by Scheduled Commercial Bank (SCB) with RBI?
A.No interest rate is charged
B.2%
C.3%
D.4%
Answer:A
What interest rate is applied on balances on Cash Reserve Ratio (CRR) deposits maintained by Scheduled Commercial Bank (SCB) with RBI?
A.No interest rate is charged B.2% C.3% D.4%