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News
savings deposits
Savings deposits News
Kotak Mahindra Bank
26 May 2020
Kotak Mahindra Bank cuts interest rate on savings account
Customers with daily balance of over Rs 1 lakh will earn 4 percent interest.
Individual wealth in India
12 Dec 2017
Total individual wealth to double to Rs 639 lakh crore in 5 years: Report
The total wealth held by Indians has grew by 11 percent to Rs 344 lakh crore in 2016-17, according to a study by brokerage Karvy India Wealth Report.
RBI
15 Mar 2016
Credit interest rate on saving a/c every quarter: RBI to banks
Reserve Bank has asked banks to pay interest on savings banks account on quarterly basis or shorter duration, a move which will benefit crores of savings account holders.
Finance Ministry
03 Sep 2014
FinMin sets up panel on unclaimed PPF, small savings deposits
Finance Minister Arun Jaitley has set up a committee under RBI Deputy Governor H R Khan to assess the amount of unclaimed deposit in the popular PPF and Post Office saving schemes, and suggest steps for utilisation of funds for the benefit of senior citizens.
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