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Current deposits are not entitled to _______.

  • Current deposits are not entitled to Interest.
  • In India, as per the Reserve Bank of India's guidelines, banks are not required to pay interest on current account deposits.
  • However, some banks may offer a nominal interest rate on current deposits, as it can help to retain customers and encourage them to keep their funds in the bank.
  • It is important to note that the interest on current deposits is not the primary factor that customers consider when choosing a bank for their everyday banking needs.
  • Instead, customers typically look for other features such as low fees, ease of use, and convenient access to banking services.