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
Congrats on having a brand new SBI savings Bank account in your name! Well, it feels like a kind of relief that your bank account is ready to be used. But have you ever thought about what comes next when you open an SBI savings bank account for the first time? Well, it comes with … 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