Get Handpicked Stories from our editors directly to your mailbox
हिंदी में पढ़ें
Banking & Financial Services
Income Tax Calculator
Personal Loan Calculator
Car Loan Calculator
Home Loan Calculator
savings account News
Unable to maintain your monthly balance? Change your savings account to a Basic Savings Bank Deposit a/c
Tue, May 14, 2019
To open the account, the bank just requires the individual's Aadhaar card, PAN card and form no 60.
Zero Balance Account: Here are some dos and don'ts if you have Basic Savings Bank Deposit (BSBD) Account
Tue, Apr 09, 2019
BSBDA customer cannot have any other savings bank account in the same bank. If 'Basic Savings Bank Deposit Account’ is opened on the basis of simplified KYC norms, the account would additionally be treated as a 'Small Account' and would be subject to conditions stipulated for KYC norms / AML standards / Combating of Financing of Terrorism (CFT) / Obligation of banks.
SBI links pricing of loans, deposits to repo rate
Sat, Mar 09, 2019
State Bank of India has become the first domestic bank to link the interest rate it offers on savings account deposits to an external benchmark.
Bank account holder? Budget 2019 made your bank deposits interest income tax free! Limit hiked; Small savings schemes row solved; Modi govt makes you richer
Fri, Feb 01, 2019
Currently, for banks, the pressure arises from government’s small savings schemes, which forced the lenders to aggressively hike deposit rates beyond their ability to keep up with the Centre’s investment tools.
Budget 2019: Your benefits from fixed deposits, savings to rise? Dear NDA govt, do make bank deposits tax free
Fri, Feb 01, 2019
Budget 2019: For banks, deposits are seen as an expenditure as they pay interest to customers, on the other hand, lending is their way to earnings as they receive interest from customers.
Bank Minimum Average Balance: This lender hikes charges
Sat, Jan 12, 2019
Bank of Baroda has revised the said changes and it will come into effect from 1st February 2019.
Fixed deposit, saving account interest rates: Earn big through flexi bank account, here is how
Mon, Feb 26, 2018
A flexi bank account gives you higher interest rate benefit of a fixed deposits and liquidity of a saving account, in other words, it operates as the best-of-both-worlds for customers.
Do you know your interest on savings account is taxable?
Thu, Jan 25, 2018
Savings account has been the most traditional form of investment in banking and other form of financial system.
5 ways you can save money on home loans
Tue, Jan 23, 2018
'Disclaimer: This story is for informational purposes only and should not be taken as investment advice.'
Benefits of Zero Balance Savings account
Wed, Jan 17, 2018
Under the Zero Balance Savings Account, interest rates are calculated on the minimum account balance and are usually credited on half yearly basis or quarterly basis.
Are you scared to invest when trapped in debt?
Mon, Jan 15, 2018
We need to make sure that we keep enough money aside for investment schemes and still have enough left to make those minimum payments on our debt.
Here's what happens to fixed deposits if your bank shuts down
Thu, Jan 11, 2018
A fixed deposit (FD) is a financial instrument provided by banks or other financial institutions, which provides investors a fixed rate of interest along with a maturity date.
Is it good to have multiple savings accounts?
Wed, Dec 27, 2017
Our introduction to the banking universe start with Savings account, where we deposit our hard-earned money.
Which is better, a liquid fund or a savings account?
Mon, Dec 18, 2017
The liquid fund is a type of Debt Mutual fund. It invests in instruments like treasury bills, certificate of deposits, commercial papers, government securities, inter-bank call money and term deposits. The maturity tenure of Liquid Funds is less than a quarter.
Here's a list of savings account schemes for women that banks are offering
Fri, Dec 15, 2017
Interest rates on these accounts are calculated on the minimum account balance and are usually credited to you on half yearly basis or quarterly basis depending on the savings account type and the bank’s rule.
What type of bank account is good for your money? check here
Wed, Dec 06, 2017
Many of us are not aware of what is transaction limit, benefits, minimum balance requirement or is there any income tax that needs to be filed on these account.
SBI revises service charges for Monthly Average Balance; six categories of accounts exempted
Mon, Sep 25, 2017
State Bank of India also decided to treat the metro and urban centres in the same category and the requirement of MAB in metro centres stands reduced to Rs 3000 from Rs 5000 earlier.
Savings rate cut: These banks are still offering 6% interest, here's a look
Sat, Sep 02, 2017
Savings account, which is considered as the most basic financial product, has become a new "tool" for the banks to reduce liquidity post demonetisation period. It is best suited for salaried employees or people with a monthly income.
Savings account rate cut: Bad times for small savers, time to shift?
Sat, Aug 19, 2017
Eight major banks have cut the interest rates on savings account to as low as 3.5%. For savings account, higher interest rates are considered better option. This reduction will majorly impact the small savers.
Seven banks have cut: Here are best interest rates offered by banks for your deposits
Thu, Aug 17, 2017
A total of seven banks have revised interest rates on savings bank account between 25 basis points - 100 basis points on various minimum balance.