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SAVINGS ACCOUNT NEWS

‘Purchasing a momentary escape’: Financial advisor explains the reason you spend more under stress, and the 72-hour rule to stop it

March 13, 2026 3:59 pm

Stress doesn't just mess with your peace of mind; it hijacks your wallet. Through ‘compensatory consumption,’ elevated cortisol impairs your brain's impulse control, making one-click shopping feel like a necessary physiological escape.

Sweep-in FDs can fetch you better interest on your savings without the need to manage multiple deposits.

What are sweep-in FDs and how do they work?

May 06, 2025 5:33 pm

A good emergency fund should be easy to access while earning decent returns. Sweep-in FDs, however, combine the best of both savings accounts and FDs by allowing you to earn higher interest while also keeping funds accessible.

Apple offers high-yield savings to card customers as deposit competition heats up

April 18, 2023 9:17 am

The moves come after rattled consumers moved billions of dollars to banking giants from smaller lenders in March following the failures of Silicon Valley Bank and Signature Bank.

General Provident Fund, GPF, Arun Jaitley, Public Provident Fund, PPF rate, GPF rate, central government employees

BOI slashes interest to 3.5% for deposits up to Rs 50 lakh

August 24, 2017 5:11 pm

BOI said customers maintaining savings bank balance up to Rs 50 lakh will get 3.5 per cent while those maintaining above Rs 50 lakh will continue to earn an interest of 4 per cent per annum.

Minors above 10 years can operate accounts, ATMs: RBI

May 06, 2014 11:56 pm

The central bank had earlier permitted minors to open fixed and savings deposit bank account with mothers as guardian.

Keeping up the banking edge

October 22, 2012 1:39 am

NIM moderates 10bp q-o-q led by decline in yield on loans: NII grew 7% quarter-on-quarter and 27% year-on-year to Rs.37.3 bn.

SBI waives minimum balance for savings a/c

July 04, 2012 1:17 am

In order to attract new customers,State Bank of India has done away with minimum balance criteria for saving banks accounts

SBI to soon give mediclaim policy to its savings account holders

December 21, 2011 3:10 am

SBI chairman Pratip Chaudhuri on Tuesday said the bank will soon provide mediclaim policy to all its savings account holders.

All banks must issue pass book for savings a/c

November 05, 2011 12:12 am

The Reserve Bank directed all banks to offer the pass book facility,without any charges,to their customers with savings account if they desire the facility.