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Savings deposits News

Kotak Mahindra Bank

26 May 2020

Kotak Mahindra Bank cuts interest rate on savings account

Customers with daily balance of over Rs 1 lakh will earn 4 percent interest.

Individual wealth in India

12 Dec 2017

Total individual wealth to double to Rs 639 lakh crore in 5 years: Report

The total wealth held by Indians has grew by 11 percent to Rs 344 lakh crore in 2016-17, according to a study by brokerage Karvy India Wealth Report.

15 Mar 2016

Credit interest rate on saving a/c every quarter: RBI to banks

Reserve Bank has asked banks to pay interest on savings banks account on quarterly basis or shorter duration, a move which will benefit crores of savings account holders.

Finance Ministry

03 Sep 2014

FinMin sets up panel on unclaimed PPF, small savings deposits

Finance Minister Arun Jaitley has set up a committee under RBI Deputy Governor H R Khan to assess the amount of unclaimed deposit in the popular PPF and Post Office saving schemes, and suggest steps for utilisation of funds for the benefit of senior citizens.

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