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Tuesday, Dec 19, 2006
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Money & Banking - Financial Policy
SDS rates unchanged at 8 pc

Our Bureau

Mumbai, Dec. 18

The interest on special deposit accounts for the calendar year 2006 will remain unchanged at 8 per cent per annum, said the Reserve Bank of India in a notification.

The RBI has asked the banks to pay 8 per cent interest to SDS account holders by way of account payee cheques, as the Union Government has confirmed that the interest rate would remain at 8 per cent. The RBI has also asked the banks to ensure disbursement of interest for 2006 in the first week of January 2007, the notice said.

More Stories on : Financial Policy | Fixed Deposits

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Formal finance for informal sector


RBI mulls interest for EEFC balances
Rupee marginally down
Infosys plans to strengthen Finacle platform
Allahabad Bank to offer reverse mortgage
SDS rates unchanged at 8 pc
Expansion plans pep up UTI Bank
SBI amendment Bill introduced
Suguna Poultry, SBI in pact for contract farming
Debt market volumes hit 2-year high in November
Bond prices gain 25 paise
`Rate hike has not hit credit growth'
Call rates move up
Co-branded card
Acceptance of cheques at counters
Federal Bank scouts for buys


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