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SBI news updates: The metropolitan segment stood a distant first with almost Rs 16.5 lakh crore deposits.
The interest rates on FDs have reduced by a wide margin. The rates are hovering around just about 5% in public sector banks.
Minimum amount for opening of a Senior Citizen Savings Scheme account is Rs 1,000.
The issuance is part of the existing global medium-term notes programme of the bank
The value of online frauds in India reached Rs 195 crore in FY20 from Rs 71 crore in FY19 according to RBI.
If your valuables in the bank locker get stolen, catch fire, or get water damaged, the loss will be borne by the bank.
SBI offers up to 80 bps or 0.80 percentage point extra interest ranging from 3.40% to 6.20% to senior citizens
The Jan Dhan Yojana is the most effective financial inclusion programme in the country both in terms of reach and impact but pockets need improvement
Different banks offer different interest across tenures. The rate of interest remains fixed till maturity once the deposit is made.
While the RBI is striving hard to protect customers at all costs, here are a few things that you must keep in mind