Category: Savings Account

Savings accounts are the safest form of investing money. Though they offer low interest rates, you have access to cash all the time. Identifying the need of diverse customer groups, banks have come up with different types of savings accounts. Regular Savings Account It majorly provides solution for day-to-day banking needs. Every citizen of India, […]

ICICI Bank has launched a voice recognition service capable of identifying and authenticating a customer on the basis of his voice. It will allow bank customers to carry out their banking transactions with great ease and security, thereby sparing them the task of remembering the account passwords. Customers generally use authentication means, such as card […]

On 7 May, country's largest lender, State Bank of India launched a RuPay Platinum debit card, in association with National Payment Corporation of India (NPCI). The occasion was marked with the presence of Arundhati Bhattacharya, Chairman, SBI; B Sriram Managing Director & Group Executive (National Banking), SBI; and AP Hota, MD and CEO, NPCI. The […]

India’s third largest private lender, Axis Bank, has launched a new service enabling its customers to transfer money using social media platforms. The service allows customers to use such platforms as WhatsApp, Facebook, Twitter, e-mail and SMS through Ping Pay, a mobile application to transfer money.  By launching this service the bank is looking to […]

With the news launch of Apple iWatch being launched later this month, companies are already queuing up to be ready for the product. The first among the fray is HDFC Bank, India’s second largest private sector bank. By being the first to enter “watch banking”, the bank has definitely raised the bar for other financial […]

In a move to fulfill PM Modi’s goal of including poorest of the poor into the banking system, RBI governor Raghuram Rajan announced setting up of Postal Bank of India (PBI) on 02nd April. The bank will enable the government to capitalize on the infrastructure and distribution network of the department of posts to further […]

You Need a Savings Account – check out why?   What do you do you with the money left after paying off your fixed monthly expenditure (bills, premiums, EMIs and more)? Do you invest it in the stock market, retirement funds, mutual funds, recurring deposits, etc.? Does this leave you with limited or no liquid […]

Banks are vying for customers’ attention on social media. The latest on this bandwagon is Kotak Mahindra, which recently launched its social saving account, Jifi Saver account. This new account type can be managed via social networking platforms, Twitter and Facebook. It offers e-shopping facilities, transaction and financial planning to tech-savvy and socially connected consumers. […]

The latest offering —SBI Quick – by State Bank of India allows customers to use their mobile phones for simple banking services. Customers can check balance or receive mini statements of last five transactions through their mobile phones.   SBI customers with Saving Bank/Current Account/Over Draft/Credit Card accounts can register for SBI Quick using the […]

ICICI Bank recently launched online account opening facility for non-resident Indians residing in the US. To open the NRI savings account, customers just need to fill the application form available on the bank’s website. Subsequently, they will be required to scan and upload the necessary documents, i.e. age proof, passport, address proof, visa, salary slips, […]