You may be wondering if there’s anything you can do to make your money grow with a savings bank account. There is! You can make better choices. Read this article to learn more. Interest rates on savings accounts vary by bank, so you should always compare rates before opening an account. Some banks offer higher … Read more
The SBI Corporate Salary Package is a savings bank account that gives you multiple financial benefits. This salary account is quite popular among officegoers who would love to get a few extra benefits when they have a salary account. Before these corporate packages even existed, people used to maintain normal Savings Bank accounts where they … Read more
How do I correct my name in my bank account? Have you ever wondered why it’s complicated to make a name correction in a Savings Bank account? Well, it should not have been the issue, you know? An official name is something that is permanent for life. If it’s a clerical error or an issue … Read more
As the name suggests, a Savings Bank Account is a type of account meant for saving money. It’s an interest-bearing account. The interest rate ranges from 3 to 5 percent, depending on the bank or financial institution. As of now, the State Bank of India is giving 2.7 percent per annum. Few other banks offer … Read more
What do you know about the initial funding of an account? Well, the initial funding of an account is the amount that you need to deposit when an account number is generated for the first time. Other than initial funding, you may come across MAB or QAB, which stand for Monthly Average Balance or Quarterly … Read more
What is a Savings bank account? A savings bank account is an interest-bearing deposit account that can be opened by an individual with a bank or financial institution. It is suitable for parking short-term money for day-to-day uses. Indian Banks such as the State Bank of India, ICICI Bank, HDFC Bank Ltd and other PSU … Read more