Saving Account

SBI Chairman C S Setty discusses deposit mobilisation, challenges, and value addition at the Business Standard BFSI Insight Summit

According to provisional data, the CASA ratio of South Indian Bank dropped to 31.79 per cent from 33.83 per cent in the same quarter of the financial year 2022-23

Casa is also changing its profile as it is no longer low-cost money but it balances the asset-liability gaps and lowers banks' capital requirement

Monthly Average Balance >= Rs. 1,00,000 in Savings Account (or) Cumulative FD >= Rs 15,00,000 (Active FD in the name of the first holder)

The bank offers two subscription-based flexible plans: Monthly and Annual

Depending on one's financial position, requirements, larger financial goals and risk tolerance, both saving accounts and liquid funds can be beneficial

Growth of money kept in current accounts moderated to 8.8% this September, from 17.5% a year ago

Balances of Rs 10 cr and above to earn 3% rate of interest Oct 15 onwards; 2.7% rate unchanged on deposits below Rs 10 cr

The move builds on the existing credit-card partnership between the two companies. The Wall Street titan has pushed in recent years to expand its offerings for consumers

.

For the next 25 years, we (financial institutions) have to be a lot more people-centric and try to see what they want, said Finance Minister Nirmala Sitharaman

Tips on saving tax on the interest you earn on your savings bank account

Interest earned on balances in savings accounts held with banks or post offices is taxable under "Income from other sources". Did you know that you can actually save this tax to an extent?

The Reserve Bank of India (RBI) allows banks to open savings accounts for children over the age of 10, which they can operate themselves.

Currently, transaction in paper gold is available in the form of exchange-traded fund

Here's how the charges and features of saving account by different banks stack up