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

  October 02, 2025 12:32 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.

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

  Business | August 09, 2025 13:08 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.

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

  July 02, 2025 14:49 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.

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

  Business | December 21, 2024 18:47 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.

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

  Business | December 14, 2024 14:19 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.

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

  April 30, 2024 12:12 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.

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

  Business | July 03, 2021 12:17 IST

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

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

  Business | November 22, 2019 17:42 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.

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

  Business | November 01, 2019 16:03 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. 

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

  Business | September 13, 2019 23:30 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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  SBI closes 41.2 lakh saving accounts for not keeping minimum balance

  Business | March 14, 2018 7:56 IST

  The State Bank has 41 crore savings bank accounts. Of that, 16 crore are under the Pradhan Mantri Jan Dhan Yojana/basic savings bank deposit.

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  SBI lowers minimum balance requirement for savings accounts in metros to Rs 3,000

  Business | September 25, 2017 20:34 IST

  The SBI today said it has lowered minimum balance requirement for savings accounts in metros to Rs 3,000 from the current Rs 5,000 while exempting pensioners and minors to maintain the minimum average balance.

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  SBI introduces 2-tier interest rate, cuts saving account rate by 0.5 pc on deposits below Rs 1 crore

  July 31, 2017 14:19 IST

  The State bank of India (SBI) has cut the interest rate on savings bank accounts by 50 basis points (bps) – bringing it down to 3.5 per cent from 4 per cent