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savings bank interest rate?

(Querist) 03 October 2010 This query is : Resolved 
which law is modified to change the interest rate calculation of savings bank account on daily basis?

under which law base rate implemented
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Parthasarathi Loganathan (Expert) 03 October 2010
Interest Rates on Savings Bank and Base Rate Regime are formulated by the statutory guidelines of Reserve Bank of India.
Devajyoti Barman (Expert) 04 October 2010
Yes.
Rajeev kulshreshtha (Expert) 05 October 2010
Yes it is true.

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