Saving Account

'All focus on deposit mobilisation': SBI Chair CS Setty at BS BFSI Summit

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

Q3 FY24 report card: Bank CASA continues to remain under pressure

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, a four-letter word that bankers love

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

Now, a savings account that offers up to 7.5% interest : Details here

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)

Axis Bank launches 'Infinity Savings Account' with zero transaction fees

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

Savings account vs liquid fund: Which is better for you to keep money?

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

Savings deposit growth in Q2 slumps to 9.4% YoY while FDs gain traction

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

Competition for funds drives SBI to hike savings deposit rate by 30 bps

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

Apple teams with Goldman Sachs to offer savings accounts to card users

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

Factors to consider when opening a Savings account

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Financial institutions need to be more people-centric for next 25 years: FM

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?

5 Essential Points to Consider when Opening a Savings Account for a Kid

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

Bullion experts propose separate gold saving account to promote paper gold

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

A snapshot of charges associated with savings accounts of different banks

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