Answer to Question #333382 in Java | JSP | JSF for 123

Question

All the banks operating in India are controlled by RBI. RBI has set well-defined guidelines (e.g. minimum interest rate, minimum balance allowed, maximum withdrawal limit, etc) which all banks must follow. For example, suppose RBI has set the minimum interest rate applicable to a saving bank account to be 4% annually; however, banks are free to use a 4% interest rate or set any rates above it.

Answer 1

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