Savings Bank Account

If you are a young professional who feels the need to have an insurance cover in place while also having a bank account that provides incentives for lifestyle spending, then the Axis Liberty Savings Account might be right for you.

Your savings account can fetch a higher interest rate on the idle money lying in your account through 'sweep-out' and 'sweep-in' facility.

India Post Payments Bank or IPPB has come up with 3 types of savings accounts, each with a different set of features and benefits. Pick the one that suits your needs.

A savings bank account helps you park your savings, earn a higher interest rate on it, all the while enabling you to carry out basic transactions

The strong voices against the FRDI Bill seem to be ill-informed, as protecting the interest of depositors has all along been the topmost priority of RBI

Canara Bank has reduced interest rate on savings bank accounts by 50 basis points to 3.5% on deposits of up to Rs50 lakh

Dena Bank cut interest rate on savings account deposits up to Rs25 lakh by 0.5% to 3.50%

Bank of Baroda has slashed the interest rate on savings bank account of up to Rs50 lakh to 3.5% from the current annual 4%

SBI reduces interest rate on savings accounts with balance of up to Rs1 crore by 50 basis points to 3.5%, 2 days before an RBI meeting that will decide on repo rate cut

All banks have to report to taxmen cash deposits aggregating to Rs10 lakh or more in a financial year, in one or more accounts (except a current account and time deposit) of a person