Q.
Which bank is good to deposite small amounts of money
Asked by kamini joshi,
30 Jul '12 11:05 am
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1.
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If the amount is less than a Lakh, any bank which gives highest interest rate is good. Deposit made in a bank is covered by insurance upto a limit of 1 Lakh per depositor. So, even if the bank collapses, depositors who have invested less than 1 Lakh in that branch are sure to get back their deposit.
Answered by Shyam, 30 Jul '12 11:14 am
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