Savings Bank Deposit Account

Yields from these schemes are attractive currently, but could come down if rate cuts happen

The accounts offer a diverse range of features & benefits, including discounts on Locker Rental, Complimentary Airport Lounge Access and RuPay Platinum Debit Card.

With RBI on monetary tightening path, liquidity has shrunk and interest rates have hardened, forcing banks to hike rates on term deposits in order to get funds for credit growth

CASA occupies a 45% share in overall bank deposits; it is FDs, which make the remaining 55%, which will need the rate adjustment

While no charges are levied for maintaining no-frills account or BSBDA in a bank, the regular accounts are subject to various fees and charges