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In an environment where interest rates are on downward trajectory, Kotak Mahindra Bank announced that its customers will continue to enjoy 6% interest rate p.a. on savings account for balance above Rs. 1 lakh, and 5% interest rate p.a. on savings account for balance up to 1 lakh.
Chores, Allowance, and "Above and Beyond" Tasks - The Simple Dollar "Their role in that is their chores. It’s simply expected that there are certain things that they do as part of living at home. It’s not tied to allowance."