Looking To Open A Zero Balance Savings Account With SBI? Here’s All You Need To Know

State Bank of India (SBI) is offering various types of savings accounts including a zero balance saving account where monthly average balance (MAB) rule is not applicable. Monthly Average Balance (MAB) is the sum of all end of the day (EOD) closing balance divided by the number of days in that month. Zero balance saving account doesn’t require More...

by Loknath Das | Published 24 hours ago
By Loknath Das On Wednesday, January 30th, 2019
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The more you spend, the more you save

Automating the money habits of people, without asking them to deviate from their preconceived notions is what’s needed today. (Unsplash) Let’s say you find saving money very difficult. Not a very unusual More...

By Loknath Das On Sunday, January 27th, 2019
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You could earn 17 times as much interest on your savings if you make one simple banking change

Online banks are leaving local banks in the dust when it comes to the interest rates offered on savings accounts. Yet many Americans have no idea. A full 62 percent of people surveyed by WalletHub last year did More...

By Loknath Das On Sunday, January 20th, 2019
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In 4 years, banks fined you more than what Vijay Mallya and Nirav Modi owe them

Of course, you have heard the name Vijay Mallya. The liquor baron who once had a majority stake in United Beverages, the face of Kingfisher Airline and Royal Challengers Bangalore, and a host of other things? Aaah! More...

By Loknath Das On Thursday, September 6th, 2018
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Opinion | Why India needs to promote savings culture

Photo: iStock A senior citizen recently remarked that these days banks only contact you for loans as compared to 3-4 decades back when banks reached out to customers to garner deposits. I couldn’t agree more. More...

By Loknath Das On Thursday, September 6th, 2018
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Post Office Savings Account Vs IPPB Regular Savings Account: 5 Things To Know

Deposits in a Post Office Savings Scheme account and an IPPB account earn an interest rate of 4% Want to open a savings bank account at the post office? For opening a regular savings account, you have two options. India More...

By Loknath Das On Monday, September 3rd, 2018
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Cash still the king. Cash savings highest in a decade

The surge in cash savings at the cost of deposit growth has helped prop up financial assets, according to RBI. Demonetisation seems to have had no impact on cash savings by the Indian household, Savings are again More...

By Loknath Das On Monday, September 3rd, 2018
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This week in banking: Cash remains the king post demonetisation, says RBI

Whether demonetisation was a success or failure, today, cash remains the king as there is more of it in the economy than there was on November 8, 2016. Indian households are saving more now, a large part being More...

By Loknath Das On Monday, September 3rd, 2018
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Explained: Post office savings accounts vs India Post Payments Bank account

All of India’s 1.55 lakh post offices will be linked to the IPPB system by December 31, 2018. (Photo: GettyImages) On Saturday, Prime Minister Narendra Modi launched the India Post Payments Bank (IPPB). More...

By Loknath Das On Monday, July 9th, 2018
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Banking: No Longer Business As Usual

Many believe we are in the midst of a fourth industrial revolution. The first industrial revolution (18th and 19th centuries) moved us from a prominence of farming to a more industrial existence and the introduction More...