Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
RBI hikes limit of bulk deposits for banks, FD investors to gain
short by / on Friday, 7 June, 2024
The Reserve Bank of India (RBI) has decided to revise the definition of bulk deposits as 'Single Rupee term deposits of ₹3 crore and above' for scheduled commercial banks and small finance banks, central bank Governor Shaktikanta Das said on Friday. A bank FD of ₹2 crore and above is considered a bulk FD currently.
read more at Investmentguruindia