Recurring Deposits Current Affairs, GK & News

RBI’s new norms for Interest on Unclaimed Matured Deposit

Reserve Bank of India (RBI) has notified new norms for interest on the amount left unclaimed with bank after a term deposit matures. Highlights Presently, if a term deposit matures and proceeds are unpaid, amount left unclaimed with bank attracts rate of interest as it is applicable to savings deposits. New norms are applicable on ..