There are a few banks that allow an individual to make an FD without opening a savings account with them.
The bank has also reduced the interest rate on the savings account by 10 basis points, with effect from September 1, 2021.
SBI news updates: The metropolitan segment stood a distant first with almost Rs 16.5 lakh crore deposits.
These include new cheque payment systems, PF-Aadhaar linking, lower savings interest rate, and Maruti’s models becoming more expensive.
Even after your account turns inactive or dormant, interest, if any, will be credited to your savings account regularly
Leading banks generally offer multiple facilities to its salary account holders, which are not applicable for the savings account holders
A savings account is one of the key instruments to park money in hand, a pool from which one can make payment whenever one needs
The State Bank of India (SBI) has more than 41 crore savings bank accounts holders. The bank offers a range of savings accounts for adults and minors.
Recurring Deposit rates: RD is one of the most popular investment avenues in India. Interest rates on RDs are quarterly compounded.
Punjab National Bank is the first public sector bank in the country to launch video-KYC service