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Dussehra special offer: This bank waives minimum balance charges for savings account holders

Personal Finance | Oct 02, 2025, 12:32 PM IST

Indian Overseas Bank has announced a waiver on penalty charges for savings account holders who fail to maintain the minimum average balance. The decision is expected to benefit millions of customers. The bank said the move is part of its focus on financial inclusion and hassle-free banking.

ICICI bank raises minimum balance bar in savings accounts to Rs 50,000; massive jump from Rs 10,000

Business | Aug 09, 2025, 01:08 PM IST

Failure to maintain the required balance may attract penalties. Customers who do not maintain the minimum average balance will be levied a penalty at 6 per cent of the shortfall or Rs 500, whichever is lower.

Good news for PNB saving accounts customers: PSU bank waives this penal charges - Check details

Personal Finance | Jul 02, 2025, 02:49 PM IST

With this step, PNB reaffirms its role as a socially responsible and customer-centric institution, dedicated to making banking more accessible and equitable for all, the lender said.

What happens if your bank collapses in India: Rules for savings accounts and FDs

Business | Dec 21, 2024, 06:47 PM IST

In the event of a bank collapse in India, depositors are insured up to Rs 5 lakh by the DICGC, with the same protection rules applying to both big and small banks, though the liquidation process may vary.

How much cash can you keep in savings account without attracting Income Tax notice? Know the Rules

Business | Dec 14, 2024, 02:19 PM IST

Know the income tax rules for savings accounts and how much cash you can deposit without attracting scrutiny. Discover the daily cash transaction limits, high-value transaction reporting requirements, and how to respond to an income tax notice.

Key financial changes in May that will impact you: Check all details here

Personal Finance | Apr 30, 2024, 12:12 PM IST

As May unfolds, several financial changes are on the horizon, impacting mutual fund investors and banking customers alike. While not as transformative as previous months, these changes demand attention and awareness.

ICICI Customers ALERT! Bank to revise THESE service charges from August 1 | All you need to know

Business | Jul 03, 2021, 12:17 PM IST

ICICI Bank said that these changes in service charges will come in effect from August 1, 2021.

SBI zero balance account: SBI says open Basic Savings Bank

SBI Zero Balance Account: Open SBI Basic Savings Bank account, get free RuPay Debit card

Business | Nov 22, 2019, 05:42 PM IST

SBI zero balance account: State Bank of India (SBI), the country's largest lender offers a range of savings accounts to retail customers. While SBI has set certain rules for its regular savings accounts - wherein the account holder is required to maintain an average monthly balance to the tune of Rs. 1,000-3,000 in the account.

SBI user, sbi interest rates, sbi new interest rates,

Are you a SBI user? These crucial changes come into effect from today

Business | Nov 01, 2019, 04:03 PM IST

If you are a SBI user, then you must note crucial changes that have come into effect today onwards. The interest rates on savings account deposits with State Bank of India (SBI) will fetch lower interest rates now on.

SBI account holders attention! Bank asks to maintain this much minimum monthly balance or pay hefty penalty

Business | Sep 13, 2019, 11:30 PM IST

SBI bank account holders alert: Are you State Bank of India (SBI) account holder? Do you have a saving account in SBI? Then this news is for you as India's largest public sector bank SBI has revised service charges for its customer for deposits and withdrawal. This changes will come in effect from October 1 which will encompass cash withdrawal, average monthly balance, deposits and withdrawals and will affect scores of customers in many ways.

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