Category: Savings Account

The Reserve Bank of India (RBI) tightened the selection and operating procedure for internal ombudsman in banks. RBI asked all the scheduled commercial banks with more than 10 branches to appoint an internal ombudsman who will review complaints and strengthen the internal grievance of banks. In a notification issued on their website, the Reserve Bank…

Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information. State Bank of Bikaner & Jaipur (SBBJ) was a major Indian bank and one of the five associate banks of State Bank of India, with which it was merged. As of 2015, SBBJ had…

Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information. State Bank of Patiala was founded in 1917 and was an associate bank of the State Bank of India. At the time of its merger, State Bank of Patiala had a network of 1445…

State Bank of Travancore was a major Indian Bank. The bank had its headquarters based in Thiruvananthapuram, Kerala and was one of the five associate banks of the State Bank of India. Recently, State Bank of India merged its associate banks into itself including State Bank of Travancore. Post-merger, the IFSC code and branch names…

India’s largest public sector bank SBI has changed IFSC Codes and names of nearly 1,300 branches in the country’s major cities owing to its merger with five associate banks and a ‘Bharatiya Mahila Bank’. The merger of five associate banks and Bharatiya Mahila Bank (BMB) with State Bank of India came into effect from April…

Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information. State Bank of Mysore was a nationalised Indian Bank. The bank had its headquarters based in Bengaluru and was one of the five associate banks of the State Bank of India. Recently, the names…

Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information. Do you have an SBI ATM card? Is there no EMV chip on your ATM-cum-Debit card? If your answer is in affirmative, you will have to get your ATM card replaced with the new…

Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information. Regular savings accounts offered by various banks in India require customers to maintain a certain amount of money as the minimum average balance every month. The minimum balance requirement depends on the location of…

The primary objective of savings accounts is to help you in earning interests on your savings. Various banks offer different rates of interest for a range of savings accounts. However, there are a lot other things that you can do using your savings account. Nowadays, you can open savings account, get your KYC done and...

Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information. People having their savings accounts in various banks have to maintain a certain sum of money in their bank accounts. When this account balance falls below the required threshold amount, the bank levies a penalty on…