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Is compensating balance in a bank account still earning interest?

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Question added by Jaimee Evangelista
Date Posted: 2018/06/17
MATHEW THARAKAN
by MATHEW THARAKAN , GENERAL MANAGER , STATE BANK OF INDIA

Yes it earns interest very much  in banks across the globe  except in case a Bank set rules others wise as permkitted by the central banking regulations in that country  

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