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Should bank savings account rate be deregulated?

Created by : Pravin Kumar, MBA student, DELHI SCHOOL OF BUSINESS  | 06 18 2010 07:30:32 +0000
Industry : BankingFunctional Area : India(Markets)
Keywords : banks savings account deregulation
Activity:  524 views;  last activity : 07 06 2010 20:18:09 +0000

The Reserve Bank of India is in favour of deregulating savings bank deposit rates of banks. But the decision will be taken, when to do that, after having adequate debate on the issue.

http://vishalmishra.files.wordpress.com/2009/01/reserve-bank.jpg

The savings bank rate is at 3.5% and is the only administered rate in the banking system now. The banks offer this rate to the savings bank customers, which form a major part of their low-cost deposit base. Still, the Reserve Bank of India has started to deregulate administered interest rate from 1991 as a part of financial reforms.

So users, should bank savings account rate be deregulated?

  
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no current banking rate systems rae good we need not to make any changes
By mula santhoshreddy, HR Executive, MINDS INTEGRATED SOLUTIONS  | 06 18 2010 09:41:40 +0000
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I don't think it is necessary since the savings bank rate doesn't seem to move in a wide range after the deregulation. This is a highly competitive market. Prices do not vary much. But what will be the rate, what customers will get, will depend on market conditions.
By Pravin Kumar, MBA student, DELHI SCHOOL OF BUSINESS  | 06 18 2010 07:30:32 +0000
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