SBI BANK SAVINGS ACCOUNT

SBI online settlement of claims: Settlement of claims of FD, savings accounts of deceased SBI customer

State Bank of India customers can claim for settlement pertaining to deposit accounts of deceased online with very few branch visits.

ATM operators seek Rs 2 hike in interchange fee for viability

The Confederation of ATM Industry, or CATMI, wants this fee to be raised to a maximum of Rs 23 per transaction to ensure more funding commitment for the business.

SBI hikes FD interest rates. What should debt mutual fund investors do?

SBI have increased FD interest rates, offering guaranteed returns. Investors should consider their goals and risk tolerance before switching from debt mutual funds to FDs.

Which bank offers up to 7.75% savings account interest rate: SBI, ICICI Bank, HDFC Bank, RBL Bank, PNB or Union Bank of India?

The interest rate on your savings account balance is determined by your daily closing balance. The accrued interest is credited to your account monthly or quarterly depending on the specific bank. Interest rates on savings accounts vary from bank to bank. Here is a comparison of the interest rates on savings accounts at SBI, ICICI Bank, RBL Bank, HDFC Bank, PNB, Union Bank of India and Indian Bank (Latest savings account interest rates as per bank websites).

FD rate up to 8.75%, savings account rate of 7.75%: RBL Bank revises savings, FD interest rates

RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 2 crore. The revised FD interest rates are effective from June 8, 2024. The bank has also revised savings account interest rates, and the new rates are effective July 1, 2024.

Types of NPS accounts: 4 differences between NPS Tier 1 and Tier 2 accounts

The NPS, a government pension scheme, offers Tier I and Tier II accounts with different functions. Tier I is for retirement planning with withdrawal restrictions, while Tier II is a flexible savings account.

Re-KYC update of bank account: How to update KYC of bank account online in HDFC Bank, SBI, Canara Bank, ICICI Bank

How to update KYC details: Re-KYC is a procedure that allows banks and other financial organisations to stay up to date on a customer's most recent contact data and personal details. Here is how you can update your KYC details online for these top banks.

Top post office schemes: These 9 small savings schemes offer above 7% interest rate

Post office schemes interest rates: The government has kept the interest rates on small savings plans unchanged for the quarter ending June 30, 2024. Here are nine post office schemes that offer more than 7% interest.

Home loan borrowers may have repaid higher amounts

In FY23, for instance, the combined outstanding home loan portfolio of public sector and private banks and housing finance companies, which account for a big majority of the home loan market in the country was, Rs 3.62 lakh crore. But disbursements were much higher - at Rs 8.08 lakh crore. In terms of growth, while the outstanding portfolio grew 16%, the disbursements expanded 20%, according to the data released by the National Housing Bank.

Jio Financial Services launches app to take on its fintech rivals

Jio Finance will offer UPI payments, bill payments, insurance advisory and digital banking. Eventually Jio Financial Services will offer credit products like loans against mutual funds, home loans and others to its customers through the app.

Reliance launches beta version of JioFinance app to offer UPI, digital banking, loans on mutual funds

Jio Financial Services introduced the beta version of the Jio Finance app, offering UPI, digital banking, and mutual fund loans. Key features include instant digital account opening and streamlined bank management. The app integrates various financial services like digital banking, UPI transactions, and insurance advisory. Future plans include expanding loan solutions, starting with mutual fund loans.

SBI asks staff to seek nod for opening demat accounts with other brokerages

SBI has more than 230,000 employees spread across 22,500 branches in the country. The SBI group is also the biggest asset manager in India's mutual fund industry, with assets under management (AUM) exceeding the pooled funds run by either the ICICI Group or the HDFC Group.

Rs 91 lakh penalty on YES Bank for wrongly levying non-maintenance of minimum balance charges: Is your bank charging the same?

Minimum balance negative in savings bank account: RBI has imposed a penalty of Rs 91 lakh on YES Bank for not complying with the master directions on customer service in banks. One of the reason was levying charges on savings bank account having insufficient or zero balance. Has your bank done the same too?

Dhanalaxmi Bank FY24 net profit up 8.4%

The share of low-cost deposits (current and savings accounts) was 30.6%. Net interest income stood at ₹458 crore and non-interest income at ₹152 crore for FY24.

Kotak Mahindra Bank revises savings, salary account charges, limits: Know latest cash transaction limits, ATM charges & more

The bank has revised average balance criteria, free cash transaction limits, free ATM transaction limits, standing instruction failure fee, free cheque book limit.

IDFC FIRST Bank revises FD interest rates: These fixed deposits to earn 8.4% rate

IDFC FIRST Bank has revised fixed deposit interest rates on amounts less than Rs 2 crore and savings account interest rates, according to its official website. The new FD interest rates are effective May 15, 2024.

This big bank now offers interest rate up to 8% on savings account, 8.55% on fixed deposits

DCB Bank has revised its savings account and fixed deposit (for amount below Rs 2 crore) interest rates. The new rates are effective from May 22, 2024, according to the DCB Bank website.

Airtel Payments Bank's annual net profit rises 60% to Rs 35 crore

Airtel Payments Bank records 60% surge in annual net profit to Rs 35 crore, with revenue up 42% to Rs 1,836 crore. Monthly transacting users reach 80.4 million.

Household savings likely revived in FY24: Crisil

Household savings in India likely saw a recovery in FY24, rebounding from a low in FY23, driven by increased deposit growth, investments in markets and real estate, and subdued consumption, according to Crisil. Bank deposits grew 13.5%, mutual fund investments rose, and domestic savings financed rising investments.

SBI savings account plus: 7 things to know

Household savings decline due to rising home, auto, personal loans

Household savings saw a third consecutive decline in FY24, dropping by Rs 9 lakh crore to Rs 14.16 lakh crore by FY23, per MoSPI data. ICRA's Aditi Nayar attributed this to a 73% rise in liabilities during 2022-23. Yet, there's optimism for FY25 as RBI curbs on personal loans may reverse the trend. Chief Economic Advisor Nageswaran highlighted a shift towards real assets.

Household savings dip over Rs 9 lakh cr in 3 years to Rs 14.16 lakh cr in 2022-23

The net household savings declined to Rs 17.12 lakh crore in 2021-22 and dipped further to a five-year low of Rs 14.16 lakh crore in 2022-23.

Latest savings account charges: ICICI Bank, Axis Bank, Yes Bank revise savings account service fees

Latest savings account charges: Big banks like Yes Bank, ICICI Bank and Axis Bank have revised their savings account charges. Some service charges are effective from April 1 and some from May 1, 2024. Here is a look all the different savings account services charged that have been revised by these three banks.