Savings Account
‘Worst decision of ICICI Bank’: Influencers, netizens react to minimum balance rule
Ever since ICICI Bank's decision to increase its minimum balance was announced, netizens and influencers have taken their concerns to the social media platform X. The topic has sparked mixed emotions among the banking customers.
3 min read12 Aug 2025Can banks decide minimum balance requirement for savings accounts? Here's what RBI Governor Sanjay Malhotra said
Can banks decide the minimum balance requirement for savings accounts? RBI Governor Sanjay Malhotra says the banks have the freedom to choose how much minimum balance to impose on the customer accounts. Here's why…
2 min read11 Aug 2025Canara Bank waives minimum balance requirements — Here's what SBI, HDFC, Axis Bank, among others mandate
Canara Bank announced that it has waived the average monthly balance (AMB) requirement for all types of savings bank accounts effective Sunday, 1 June 2025. Check what some of the other banks are offering you.
2 min read1 Jun 2025Canara Bank scraps penalty on minimum average monthly balance for THESE accounts from June 1 onwards
Canara Bank has announced a waiver on average monthly balance requirements for all savings accounts starting June 1, 2025. This change aims to eliminate penalties and provide support to a diverse customer base, including NRIs and first-time users.
1 min read1 Jun 2025Are instant-redemption liquid funds better than savings accounts or sweep-in FDs?
They offer higher returns but are they better overall? Let’s find out.
3 min read5 Dec 20246 essential tips must be considered to effectively manage your savings account
Effectively managing your savings account can enhance your financial well-being by turning it into a powerful tool. By using strategies like analyzing interest rates and minimizing fees, you can maximize your savings account's potential for achieving financial security.
3 min read10 Jun 2024Federal Bank launches the Stellar Savings Account for its customers. Details here
Federal Bank launches an innovative savings solution introducing the Stellar Savings Account with exceptional benefits.
1 min read14 Feb 20246 banks offer up to 8% interest rates on savings accounts; check full list here
Many small private banks and SFBs are, indeed, providing noticeably higher interest rates on savings accounts in comparison to prominent private and public sector banks.
3 min read21 Dec 2023All you need to know about Nari Shakti Savings Account
Bank of India has launched the Nari Shakti Savings Account, tailored for women possessing their own income. Here are the account's features and advantages.
1 min read12 Dec 2023Rs 330 deducted from your SBI savings account? This could be the reason.
There is no compulsion to be a part of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) scheme. To avoid further deduction of Rs 330 from your SBI savings account, you must visit the nearest branch and submit a formal application to cease your enrollment in the scheme.
2 min read23 Aug 2023