Multiple choice

The rate of interest on Savings Bank accounts is

  1. 3.5 % p.a.;

  2. 4%p.a;

  3. 4.5% p.a

  4. 5%p.a

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Historically, 3.5 percent was the standard regulated rate for savings accounts in India for many years. While rates are now deregulated, this is the traditional answer for this specific exam question.

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