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RBI frees co-op banks on SB interest 27 December 2011
The Reserve Bank of India, on Monday, deregulated interest rate on savings accounts in all State and Central Co-operative Banks, a move that will fetch better returns for depositors.RBI had freed these rates for the scheduled commercial banks in October.In...
Keywords: uniform interest rate, differential rates, interest rate, State and Central Co-operative Banks
Read MoreWhat is your choice among NRO, NRE or FCNR term deposits? 16 May 2012
In order to attract foreign currency into India from NRIs (Non Resident Indians), Reserve Bank of India (RBI) has come out with new propositions. Earlier in December 2011, RBI has deregulated interest rates on Non Resident Ordinary (NRO) savings accounts...
Keywords: Reserve Bank of India, NRI, RBI’s interest rates, Non Resident Ordinary (NRO) savings account
Read MoreAllow 4 Withdrawals for Savings Account Holders per Month says RBI 11 June 2019
Allow 4 Withdrawals for Savings Account Holders per Month says RBI:- The Reserve Bank of India said that all the commercial banks should offer four minimum free withdrawals per month for all the basic savings bank deposit accounts. These transactions...
Keywords: RBI updates, withdrawal fees, saving accounts, saving accounts
Read MoreWealth transfer rumour makes people queue up at post offices 27 October 2011
Wealth transfer rumour makes people queue up at post offices Thursday, 27 October 2011 20:11 A wild rumour that YSR congress chief YS Jaganmohan reddy, illegal mining baron Mr Gali Janardhan reddy and the Satya Sai Central Trust would transfer...
Keywords: below poverty line (BPL) families, BPL ration cards, J Surya Rao, J Surya Rao
Read MoreNo Transaction Charge on any Bank ATM Until Dec 30: RBI 15 November 2016
The RBI on Monday has ordered all banks to suspend ATM charges on all transactions of savings bank customers until December 30. This move came in order to reduce the cash crunch people are suffering. The waiver will be suitable...
Keywords: ATM, Savings Account, Savings Account, Savings Account
Read MoreRBI to Remove Withdrawal Limit from Feb 1 31 January 2017
The Reserve Bank of India (RBI) today said that "it will remove curbs on daily cash withdrawals from ATMs from Wednesday, February 1." It has also lifted the restrictions on withdrawal limit from current accounts, cash credit accounts and overdraft...
Keywords: ATM withdrawal limit, savings account, ATM withdrawal limit, RBI
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