RBI has introduced RBI New Rules for bank customers. I can say that this has caused problems for the customers. Going into full details, the Reserve Bank of India (RBI) has taken a key decision. Revised Rules for Fixed Deposit or Term Deposits.
Thus the Reserve Bank of India, the central bank of the country, brought in new regulations. Those who put money in the banks must look for it. And how are those new rules? Also see what kind of problem comes up ..
Note that after maturity according to the new rules, if the money is not taken then there will be less interest on that money. The interest rate applicable to savings accounts applies. However, banks are currently renewing FD money if it is not taken after maturity .
Under the new rules FD says that if the money is not taken even after maturity, less interest will come. It is learned through a circular issued by the RBI regarding the new rules that the RBI rules will be applicable to commercial banks, small finance banks, cooperative banks and local regional banks .
