Bharat Finance

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bank deposits

Now ATM machines to also accept deposits

The Indian government on August 18, 2012 said that the banks have been asked to upgrade their ATMs to double up as cash collecting machines. This will help to mobilise the Rs. 11 lakh crores lying as cash with people….

Banks increase interest rates on long term fixed deposits

It was expected that there would be a fall in the interest rates of the deposits. But contrary to the expectations, the commercial banks are now seen increasing the interest rates on the fixed deposits of two to three years….