Savings Bank Account

Kotak Bank holds high savings a/c rates at 6%, says savers as important as borrowers

On 31 July, SBI slashed interest rate on savings deposits by 50 bps to 3.5 percent on balance up to Rs 1 crore

LIC launches scheme to pay premiums through mutual fund holdings

LIC Nomura Mutual Fund today announced the launch of a new feature in collaboration with LIC to allow investors to make timely payment of their LIC insurance premiums.<br /><br />

UIDAI letter can be used for opening bank a/c: RBI

Although the UIDAI contains details like name and address, the banks will be required to satisfy themselves about the current address of the customer under the KYC norms, the RBI said in a communication to the banks.