State banks are rushing to provide higher deposit rates to customers, including one scheme that offers up to 17%.
During the 23rd Money Expo 2023, Government Savings Bank (GSB) and the Bank for Agriculture and Agricultural Cooperatives (BAAC) introduced campaigns to attract customers with short-term deposits for 3-5 months by offering step-up interest rates.
On March 29, the Monetary Policy Committee unanimously agreed to raise the policy rate to 1.75%, up from 1.50%, with immediate effect. The economy is expanding, with exports showing signs of recovery after contracting in…
