Fixed deposit (FD) and Recurring deposit (RD) are one of the most commonly used savings options by people in India. If you have a lump sum amount with you and if you don't need that cash for a while, you can deposit that amount in a FD rather than having it in your savings … [Read more...] about How to open FD and RD accounts using SBI YONO app?
Deposit Accounts
Covid-19: Banking tips for times of pandemic like Coronavirus
The world is hit very badly by the novel Coronavirus infection. People are dying. Many are in isolation. And the economy is very badly hit too. While in many sectors, people are advised to work from home with offices closed, banking is one sector that cannot implement this … [Read more...] about Covid-19: Banking tips for times of pandemic like Coronavirus
What are the types of Bank Accounts in India (Features and benefits)
We are more and more into digital transactions. We want comfort. More than going to the bank physically, we all prefer some sort of digital option to perform certain banking tasks. Banks are improvising in this direction and hence most banks have their official apps so … [Read more...] about What are the types of Bank Accounts in India (Features and benefits)
Procedure to transfer your PPF account to another branch, bank or post office without losing benefits
A PPF account is a wonderful opportunity to save money. Not just that, with a PPF account you can save money AND enjoy tax benefits. A PPF account can be opened with as little as Rs. 100. Every year you can deposit a minimum of Rs. 500 to a maximum of Rs. 1,50,000 in a PPF … [Read more...] about Procedure to transfer your PPF account to another branch, bank or post office without losing benefits
The money in your SBI savings account will fetch lower interest from today!
As per the announcements made by SBI, there will be a cut down in the interest rates for FD accounts. Interest rates in SBI have been ever decreasing and this was announced earlier this October. As it stands, SBI is going to lower their interest rates for the savings … [Read more...] about The money in your SBI savings account will fetch lower interest from today!