{"id":1029,"date":"2016-03-16T13:35:25","date_gmt":"2016-03-16T08:05:25","guid":{"rendered":"http:\/\/yourcareerheights.com\/?p=1029"},"modified":"2016-03-16T13:57:00","modified_gmt":"2016-03-16T08:27:00","slug":"periodicity-of-interest-on-domestic-savings-deposits","status":"publish","type":"post","link":"https:\/\/yourcareerheights.com\/?p=1029","title":{"rendered":"Periodicity of Interest  on Domestic Savings Deposits"},"content":{"rendered":"<div id=\"pl-1029\"  class=\"panel-layout\" ><div id=\"pg-1029-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-1029-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-1029-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div class=\"panel-widget-style panel-widget-style-for-1029-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p class=\"head\"><span style=\"color: #993366;\">Reserve Bank has issued Master Direction on Interest Rate in Deposits vide its Direction \"\u00a0RBI\/DBR\/2015-16\/19<\/span><br \/><span style=\"color: #993366;\">Master Direction DBR. Dir. No.84\/13.03.00\/2015-16 \" dated 3rd March 2016. The said directions spell uniform guidelines for payment of interest rates on various deposits as regards its rates.\u00a0periodicity, premature withdrawals etc on domestic as well as NRE and FCNR(B) deposits. One of the important changes made is\u00a0in respect of periodicity of\u00a0Savings bank interest payment as under:<\/span><\/p>\n<p class=\"head\"><span style=\"color: #0000ff;\">\"11. Periodicity of payment of Interest on domestic savings deposits<\/span><\/p>\n<p><span style=\"color: #0000ff;\">(a) Interest on savings deposit shall be credited at quarterly or shorter intervals.<\/span><\/p>\n<p><span style=\"color: #0000ff;\">(b) Interest on savings bank accounts, including those frozen by the enforcement authorities, shall be credited on regular basis irrespective of the operational status of the account.\"<\/span><\/p>\n<p><a href=\"http:\/\/yourcareerheights.com\/?page_id=980\" target=\"_blank\">Click here for RBI's Master Direction<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Reserve Bank has issued Master Direction on Interest Rate in Deposits vide its Direction &#8221;\u00a0RBI\/DBR\/2015-16\/19Master Direction DBR. Dir. No.84\/13.03.00\/2015-16 &#8221; dated 3rd March 2016. The said directions spell uniform guidelines for payment of interest rates on various deposits as regards its rates.\u00a0periodicity, premature withdrawals etc on domestic as well as NRE and FCNR(B) deposits. One&hellip;<\/p>\n","protected":false},"author":1,"featured_media":972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[38,10,45],"tags":[3,35,11,40],"class_list":["post-1029","post","type-post","status-publish","format-aside","has-post-thumbnail","hentry","category-banking","category-economy","category-rbi","tag-banking","tag-economy","tag-finance","tag-rbi","post_format-post-format-aside"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/yourcareerheights.com\/wp-content\/uploads\/2016\/03\/RBI1.jpg?fit=660%2C440&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/1029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1029"}],"version-history":[{"count":2,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/1029\/revisions"}],"predecessor-version":[{"id":1031,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/1029\/revisions\/1031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/media\/972"}],"wp:attachment":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}