Savings Account

SBI waives off account closure fee: After new minimum balance rules, it is a good move for customer

SBI has made it easier to for customers who can't afford to conform to minimum balance rules to close their regular savings accounts and migrate to other no-frills accounts.

SBI's Rs 5,000 minimum balance rule may face govt resistance, but then why spare private, foreign banks ?

The idea of making these arguments is not to justify SBI rules but to make the point that SBI has every right to operate in a level playing field like its rivals, which is critical for its healthy survival

India's first payments bank, operated by Airtel, commences nationwide operations today

Airtel has announced the launch of India’s first payments bank, which has commenced operations pan India today.

ICICI Bank will transform 100 villages in 100 days in effort to provide digital ecosystem in rural India

The financial institution has decided to convert all of the 100 villages into 'ICICI Digital Villages' which is in line with the bank's effort to arrange digital ecosystem across the country.

Airtel launches payments bank: All you need to know about the paper-less bank

Becoming the first payments bank to go live in the country, the mobile service company said Airtel Payments bank will be offering banking services on a pilot basis in Rajasthan

How to save tax on the interest income with your savings bank account

Watch the above video to know how you can save tax with the help of your savings account

Managing frauds: You must subscribe to banks' value-added SMS alerts

But before you get confused about these charges, there are a couple of things you need to know.

Why you should always check your bank balance statement

Sometimes you may be penalised for failing to meet certain requirements. Here's a real world example of what you need to watch out for.

A few things you need to know about your savings bank account

The same old savings account has changed in many ways.

Have too many savings accounts? Here's the risk

It makes sense to close such accounts since these can be easily misused and you are better of parking those funds in a higher interest paying instrument.