Savings bank account

PNB, HDFC Bank cut interest rate on savings account by 0.5%

PNB, HDFC Bank cut interest rate on savings account by 0.5%

The new interest rates of both the banks will be effective from August 19.

Aug 17, 2017, 20:30 PM IST

Kotak Mahindra launches social savings bank account

Kotak Mahindra Bank Tuesday launched Jifi Saver, a social savings bank account which can be seamlessly managed via Twitter and Facebook,in this region.

Jan 20, 2015, 21:07 PM IST

Inform customers about fall in minimum balance: RBI to banks

The Reserve Bank on Thursday asked banks to inform their customers about fall in minimum balance well in advance and said that penal charges should be levied only to the extent of shortfall in such balances.

Nov 20, 2014, 20:42 PM IST

RBI allows banks to pay interest at shorter intervals

Savings bank account and term deposit holders can now earn interest at shorter intervals, with the Reserve Bank Tuesday allowing banks to revise the periodicity of interest payments.

Oct 29, 2013, 15:13 PM IST