RBI raised the minimum amount for Non-Callable Deposits with immediate effect!
Canara Bank earlier introduced Non-Callable Deposits for Domestic term deposits of above Rs.15.00 lakh (including individuals and HUF) from 16.01.2023. Now, RBI vide Master Direction RBI/2023-24/74, DOR.SPE.REC.No 51 2023-24 dated 26.10.2023 on Non-Callable Deposits – Master Direction on Interest Rate…
