Airtel Payments Bank launches ‘Bharosa’ financial savings account

NEW DELHI: Airtel Payments Bank right here on Tuesday released “Bharosa” savings account services, designed for deepening the financial inclusion within the country. Along with convenient banking services, the Bharosa savings account would provide Rs 5 lakh non-public coincidence insurance on retaining the stability of Rs 500 at the side of one debit transaction in […]

Saga and Goldman release new financial savings money owed

Saga, the professional in merchandise for the over-50s, has released its first financial savings money owed with Goldman Sachs’s client financial institution Marcus. The two businesses agreed to come to be “long-term savings companions” in June, with Goldman eager to amplify its retail supplying as part of a sales elevating method and Saga seeking to […]

SSY and other small financial savings schemes

Post workplace savings schemes or small savings schemes hobby quotes were stored unchanged for the 0.33 region of the cutting-edge financial 12 months, i.E., 2019-20 notwithstanding a fashionable downtrend in interest rates in the financial system and belying expectancies of a reduce. This became introduced by the Ministry of Finance in a round dated September […]

PNB revises fixed deposit prices two times in a month

Public region lender Punjab National Bank (PNB) has revised interest quotes on financial savings account and glued deposits (FD) with effect from 1st October. This revision comes simply days earlier than the Reserve Bank of India’s (RBI) monetary policy declaration on Friday. PNB offers 50 foundation points higher hobby rates to senior residents compared to […]

Axis Bank to enable customers to open online FD without a savings account

Axis Bank introduced the release of ‘Express FD’, a digital Fixed Deposit product. Customers can now open Express FD account in three mins thru the digital mode with out commencing financial savings account with Axis Bank. Express FD gives features like attractive hobby quotes, zero issuance expenses and no penalty on pre-mature withdrawal (up to […]

What takes place for your savings if your financial institution fails

After the unexpected choice of The Reserve Bank of India to place Punjab and Maharashtra Cooperative Bank (PMC Bank) beneath scrutiny and strict guidelines for 6 months, the depositors of the bank are right into a large snag. But, the question is- how an awful lot safe is our cash in relation to cooperative banks […]

Does new hobby charge system hit savings of four.1 crore senior citizens of India?

Bankers and coverage makers have adopted marketplace-pleasant outside benchmark interest charges from October 1 to ensure on the spot adjustments for everyday debtors. But the new method may additionally hit the profits of senior residents thru time period deposit accounts in a low-interest rate situation, the SBI’s research is aware of warns. Senior residents have […]

Payments Bank launches Bharosa financial savings account scheme

New Delhi: Airtel Payments Bank has launched a ‘Bharosa financial savings account’ which permits customers to withdraw coins, test their balance or access a mini assertion of their account at over 6,50,000 Aadhaar-enabled price gadget (AePS) enabled outlets across India. These offerings had been designed for deepening economic inclusion in u. S. “The advantages of […]

Small financial savings schemes set for hobby charge reduce nowadays

The authorities are in all likelihood to announce today’s interest charges of small financial savings schemes like PPF (Public Provident Fund), Sukanya Samriddhi Account, and Senior Citizens Savings Scheme for the October to December zone. And in maximum chance, there might be a downward revision due to a standard decline in hobby costs. The hobby […]

Capital for us is for increase

Depositors and borrowers maintain to repose religion in Yes BankNSE 23.28 %, and commercial enterprise has been sufficiently encouraging within the September area for Chief Executive Ravneet Gill to explain the 3-month duration as one of the most promising inside the personal-zone lender’s latest history. “In the region that just ended, we opened greater financial […]