Central Bank Of India Saving Account Interest Rate

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Central Bank of India Personal. Central Bank of India Savings Account Interest Rates. Account Details APY Updated; CBI Savings Account: 4.00%.

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A typical central bank has several interest rates or monetary policy tools it can set to influence markets. Marginal lending rate – a fixed rate for institutions to borrow money from the central bank. (In the USA this is called the discount rate). Main refinancing rate – the publicly visible interest rate the central bank announces.
Due to stiff competition, banks have started paying higher saving interest rates like 6% to 7% in order to attract more and more people to open the account with them and enhance their customer base.

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