Tag: demand deposits

“MONEY DOUBLING” and “CARD LOADING SYSTEMS” is Illegal

Demand Deposit Rates Decline Marginally

The rates on demand deposits have fallen marginally to 2.63percent by the end of October 2020 from 2.8 percent in October 2019. This depicts a year-on-year decline of approximately 17 basis points (0.17%). This is according to the latest statement of financial and economic data released by ...

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