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Savings accounts are a form of bank account which is used to hold the funds of individuals. These individuals can be anyone from salaried individuals, professionals, entrepreneurs, etc. Literally, anyone can open a savings account. While most people might think all...

The facility of 24 hour National Electronic Fund Transfer (NEFT) has commenced in all banks from 16th December. No fee will be charged from the bank customers. The Reserve Bank of India (RBI) has directed the banks to do so. Earlier, the NEFT facility was from 8 am to...

The annual charge of safe deposit locker by State Bank of India has been made costlier by Rs. 500. The small locker rental charge for one year has now gone up to Rs 2,000. The extra-large locker will now get customers rs 12,000 instead of Rs 9,000. For medium lockers,...

The banks will remain closed for three consecutive days from March 27. This is because the fourth Saturday of the month is on March 28 and Sunday on March 29. So, for three days, customers will not be able to do any work of the bank. You may face many difficulties in...

SBI, the country's largest bank, announced the good news for its customers on Wednesday. The bank has eliminated the requirement of average monthly balance (AMB) on all kinds of savings bank accounts. A press release issued by the bank said that this step has been...

The Indian stock market opened on Friday and had to stop trading for 45 minutes within minutes. The Nifty 50 was broken by more than 10 percent, while the BSE Sensex also fell by 9.4 percent to 29867. This is the first time in 12 years that the Indian stock market had...

After the State Bank of India (SBI), the country's largest bank, the Bank of India has also given relief to the customers. Bank of India has decided to give customers the full benefit of the reduction in policy interest rates by the Reserve Bank of India (RBI)....

A fixed deposit (FD) is a good option for savings. If you want to have an FD, you have to take care of many essential things. You can take great advantage by taking care of some small things. So, before opening the FD, consider the following things. More than one...

At this time of the coronavirus pandemic, the government is making several efforts to mitigate the economic challenges of the people. In the same link, Finance Minister Nirmala Sitharaman announced a relief package of Rs. 1, 70000 crore on March 26. The package also...