Deregulation of Savings Bank Deposit Interest Rate

RBI/2011-12/281 UBD.BPD.(PCB)CIR No.13/13.01.000/2011-12 November 25, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate Please refer to ourcircular No.UBD.BPD.(PCB)CIR No.45/13.01.00/2010-11 dated May 3, 2011enclosing a Directive UBD.BPD.DIR. No.3/13.01.00/2010-11 dated May 3, 2011on interest rates on deposits. 2. As indicated in theSecond Quarter Review of Monetary

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