Let’s understand this with an example. For instance, the closing balance in your bank account is ₹5 lakh, with an annual interest rate of 5%. Thus: Monthly interest = 5,00,000 x 30 x (5/100) / 365 = ₹2,055 As per the latest RBI rules, savings account interest rates are ...
Rate of interest is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI llustration: (Domestic) If the balance in the savings account is 5 Crores 50 Lakhs, then the Savings Account Interest will be calculated as follows: Savings...
Interest on a PNB savings account is guaranteed. Also, the interest is paid to the account holder every quarter as per Reserve Bank of India regulations. Furthermore, interest on PNB savings accounts is taxable under the head ‘Income from Other Sources. The account holders have to show their...
Open an NRO Savings Account with IDFC FIRST Bank to conveniently manage your Indian earnings. Enjoy seamless fund transfers, attractive interest rates, and hassle-free banking for NRIs.
This IOB bank account has no requirement for minimum balance. You can avail normal banking services on this acc. You get a free ATM Card or ATM-cum-Debit Card. There are no limits on the number of deposits you make in a month. The maximum number of free withdrawals in a month is 4...
The ICICI bank savings account interest rate up to 3.0% – 3.50% p.a. The interest computation is on a daily basis however, the payments are on a quarterly basis. The article covers the ICICI savings account, its features, benefits, interest rates and types in detail. ICICI Savings ...
Know the Standard Chartered India's competitive savings rate for RFC, Recurring Deposit, NRO, NRE & more. Open an account today and help us serve your banking needs!
IDFC FIRST Bank offers a savings account interest rate between 3% to 7% on different balances. Savings account interest will be calculated on a progressive basis, according to the table in the rate slabs mentioned below. Earn up to 7.5% FD interest ra...
in 3 easy steps Aadhar Card + PAN Card + Video KYC = Account opened! Open a DBS Bank Account Now Conclusion With so many different types of savings accounts to choose from, you can open multiple accounts to suit your needs. Moreover, today, you can open these accounts online without ste...
eSaver Savings Account offers higher interest rate & lets you set your threshold limit, beyond which funds are transferred to term deposits. Enjoy cashback with a Platinum card!