Bank account
IndusInd Bank offers 6% p.a. for Savings Account
After the recent RBI deregulation of Savings Bank Interest Rates and the increase in interest rates announced by Yes Bank and Kotak Mahindra Bank, as expected more smaller banks are joining the foray by announcing increased interest rates for their customers holding their existing savings account as well as for the new customers. The latest [...]
New Interest Rates for Kotak Mahindra and Yes Bank
After the recent savings bank interest deregulation by RBI, about the savings bank interest rates the two banks which have announced increase in interest rates are Yes Bank and Kotak Mahindra Bank. Previously all banks had to adhere to the strict and fixed interest rate of 4% for all our savings banks interest rates. Now [...]
The New Bank ATM Transactions Charges
After the announcement about last year’s free ATM usage across the other banks and later they reduced it to 5 cash withdrawals per month and from July 1, 2011, the Reserve Bank of India has further reduced it. Now that the total transactions either financial or non-financial transactions that you do across other bank’s ATMs [...]
IDBI Bank Banking without Charges
Recently IDBI (The Industrial Development Bank of India Limited) has announced a very dramatic yet believable and welcome move in banking where they would levy no charges to any of the banking transactions that we do regularly and that incur charges. This new announcement made by IDBI is for both the regular savings bank account [...]
Daily Interest Rates on Savings Accounts from April 1 2010
RBI has made it mandatory for all the banks in India to calculate interest rates for the amount lying in the customer’s savings bank account on a daily basis rather than monthly basis. Previoulsy it used to be like banks will calculate interest rates only on the basis of the balance left on the savings [...]
