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Tag: savings bank account

RBI Offers Free Digital Banking to No-Frills Account Holders

RBI Offers Free Digital Banking to No-Frills Account Holders

Free Digital Banking: The Reserve Bank increased the range of services available to Basic Savings Bank Deposit (BSBD) accounts on Wednesday, allowing those with simple accounts to access the digital banking facility for free. The purpose of BSBD accounts is to give account users free access to basic banking services. Cash deposits at bank branches […]

Kotak Mahindra Bank Cuts Savings Account Rates by 25 Bps

Kotak Mahindra Bank Cuts Savings Account Rates by 25 Bps

Kotak Mahindra Bank has reduced its savings account rates by 25 basis points (bps) with effect from April 25, 2025. This action is effective on certain balance slabs, which is consistent with current market conditions because banks realign their rate structure. New Rate Structure Kotak Mahindra Bank Cuts Savings Account Rates Balances between ₹5 lakh […]

Be Careful with Your Savings Bank Account: Know the Tax Rules

Be Careful with Your Savings Bank Account: Know the Tax Rules

Know the Tax Rules: In recent years, digital banking has grown a lot in India. People are using UPI and other online platforms to send and receive money. This has made savings bank accounts very common. But many people do not know that there are some limits and rules for using these accounts. Know the […]

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