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Interest Rates Witnessed a Sharp Drop in 2020
The year 2020 witnessed a drastic drop in the interest rates offered by banks on all kinds of deposits ranging from a savings account, term/fixed deposits, current account. The Reserve Bank of India had to maintain an accommodative stance for fiscal ...
Is IDFC First Bank Savings Account Safe With 7% Interest?
At the moment there is no full-fledged commercial bank in the country, except IDFC First Bank that is offering 7 per cent interest. There maybe some small finance banks that are offering high interest rates on FDs, but, then they are ...
Is Interest Earned On Savings Bank Account Taxable?
All of the banks in the country offer an interest rate for daily balances maintained in the savings account. Some banks like State Bank of India offer an interest rate of just 3 per cent, while banks like IDFC First Bank ...
Why These Savings Bank (SB) Accounts In India Are The Best?
We have used various parameters to arrive at the best savings bank accounts in India. These include, the first and foremost interest rates, apart from ease in banking, customer service etc. Take a look at some of the best SB accounts based on these criteria. {photo-feature}...
These Saving Bank Accounts Can Offer You The Best Returns
If you are in the habit of keeping large balances in your savings account, you better look for a bank that gives you the best savings bank account interest. Until a few years ago, savings account interest was regulated. However, banks ...
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