Latest news and updates about bank accounts:
1. RBI has allowed Video-KYC and extension of non-KYC bank accounts operation up to 31st Dec’21:
On 5th may, RBI in a circular allowed banks and Financial Institutions to furnish periodical KYC over video and even if some one is not having KYC-compliance as on date, no restrictions on banking operations of such account shall be imposed till 31st December 2021. (Source: RBI)
Major Contents in the Post: (Jump to the Section)
- Banks list after merger
- Savings Interest rate of SBI, State Bank of India
- Savings Interest rate of PNB, Punjab National Bank, OBC, UBI
- Savings Interest rate of BOB, Bank of Baroda, Vijaya bank, Dena bank
- Savings Interest rate of Canara bank, Syndicate bank
- Savings Interest rate of Union bank, Corporation bank, Andhra bank
- Savings Interest rate of Indian bank, Allahabad bank
- Savings Interest rate of Indian Overseas Bank, Uco Bank, Bank of Maharashtra
- Savings Interest rate of Punjab and Sind Bank, Bank of India, Central Bank of India
- Savings Interest rate of ICICI Bank, HDFC Bank, Axis Bank
Saving interests in Indian banks are on the decreasing trend and after latest RBI’s decision, most of the public sector banks and private banks have reduced the savings interest drastically.
In India there are so many banks, Public sector banks, partial government controlled bank, Private banks, Co-operative banks and other NBFCs, Non-banking financial company acting like a bank. So, compare all the Govt. & large Private banks savings interest comparison here at single glance.
Continue reading “Savings account interest rates comparison of SBI, ICICI, PNB, HDFC, BoB, Axis and other banks”