The Reserve Bank of India (RBI) has advised banks to offer all customers a ‘basic savings bank deposit accounts’ which will not insist on a minimum balance.
Posts Tagged ‘savings account’
Offer a ‘basic savings bank deposit accounts’ without a minimum balance: RBI
April 21st, 2012 
Ziaulla Namani 
Posted in india, News 
Tags: Bank Accounts, Bank Deposit, Bank Of India, Customer Identification, Deposit Accounts, Foreign Banks, Inclusion, Minimum Balance, Nature, Nomenclature, Numerical Targets, Reserve Bank of India, Rs 500, savings account, Savings Accounts, Savings Banks 
Comments OffTo be or not to be in equity
February 6th, 2012 Malvika Are You a Lender?
A study revealed that only 47% of Indian households had bank account. In addition every 3 out of 4 households had a quarterly bank balance of only Rs.5000.
Posted in Personal Finance Tags: 3 Out Of 4, Allotment, Bank Balance, Debenture Holders, Debentures, Developing Country, Fixed Deposits, Fixed Interest, Further Study, Households, Indians, Interest Income, Interesting Facts, Lenders, Quarterly Bank, savings account, SBI, Shareholder, Tata Motors, Transaction Fees Comments OffGovt to up post office savings deposit interest to 4%
November 10th, 2011 Ziaulla Namani In a development that will benefit millions of small savers, the government has decided to increase the interest rates on post office savings deposits to 4 per cent, from 3.5 per cent at present.
Posted in india, News Tags: Bank Deposits, banks, Borrowings, Collections, Committee Report, Crore, Deposit Interest, Deposit Scheme, Economic Affairs, Gopalan, Interest Rate, Interest Rates, Lenders, Market Reforms, Nbsp, Outflow, Post Office Savings Bank, savings account, Savings Scheme, Sheen, Shortfall Comments OffAll about flexi bank account
February 9th, 2010 Tushar Mathur On the banks website under deposit schemes you must have come across flexi bank account or must have heard some where, but what exactly flexi bank account is?
Banks have introduced a new banking account- flexi bank account under this they offer higher interest of a fixed deposit and the liquidity of a savings account.
Posted in business, india, News, NRI Banking, NRI Investing, Personal Finance Tags: Bank Accounts, Banking Account, banks, Benefit, Cash Requirements, Cheque, Deposit Account, Deposit Schemes, Fixed Deposit, Liquidity, Rs 1, Rs 50, savings account, Savings Accounts, Sweep Account, Term Deposit, Zero Balance Comments OffBanks report surge in Casa ratio as against fixed deposits
February 4th, 2010 Tushar Mathur In the past few months term deposit rates have lost sheen as banks have reduced rates. Now people prefer to park their money in current account savings accounts (Casa) rather than investing their money in fixed deposits for longer duration.
Posted in business, india, News, NRI Banking, NRI Investing, Personal Finance Tags: Bank Of India, Banks Report, Current Account, December 31, Duration, Fixed Deposits, Hdfc Bank, Interest Rates, Investing Money, Private Sector Bank, Quarter Ended December, Rs 1, savings account, SBI, Sheen, State Bank, State Bank Of India, Term Deposit Rates, Term Deposits, Treasury Comments OffBanks focusing on recurring deposits to garner long-term resources
November 11th, 2009 Tushar Mathur Although top bankers are calling out for the need to increase low cost current and savings account (CASA) deposits, on the other hand they have asked their branches to speed up the process acquire long-term resources under recurring deposit (RD) schemes.
It is not difficult to find out the reason why banks are moving their focus on RDs.
Posted in business, india, News, NRI Banking, NRI Investing, Personal Finance Tags: Asset Liability, Bank Of India, Central Bank Of India, Depositor, India Bank, Infrastructure Projects, Installments, Long Term Resources, Lump Sum, Rds, Resource Base, Rs 1, Rs 50, S Education, savings account, Systematic Investment, Tax Deduction, Term Deposit Rates, Union Bank, Union Bank Of India Comments OffIn India, is there something better than a Savings Account?
August 27th, 2008 Tushar Mathur 
I am sure all of us have a savings bank account and our salaries or professional income is deposited there every month. And many of us may not be even aware that the interest of 3.5% p.a.
Posted in NRI Banking, NRI Investing, Personal Finance Tags: liquid fund, quantum mutual fund, savings account Comments Off
