Wednesday, Dec 06, 2023 | Last Update : 11:22 PM IST

savings account

All you need to know regarding India Post Payments Bank savings account

At Rs 50, the minimum average balance (MAB) needed to be kept in an India Post savings account is very small.

20 Jun 2019 3:29 PM

SBI reduces charges on non-maintenance of minimum balance

For semi-urban and rural centres, the charges have been reduced from Rs 40 per month.

14 Mar 2018 11:19 AM

SBI reduces fine on a/c balance

Earlier, the bank had reduced the monthly average balance (MAB) requirement to Rs 3,000 from Rs 5,000 in metro cities.

14 Mar 2018 1:56 AM

SBI hints at revising downwards minimum balance amount, penalty

Currently bank has a monthly average balance of Rs 3,000 for metro and urban accounts.

05 Jan 2018 6:01 PM

Three-step plan to take charge of your money

A study from a couple of years ago stated that over 70 per cent adults are stressed over their financial condition.

28 Dec 2017 11:25 AM


HDFC Bank cuts savings account interest rate by 0.5 per cent

Customers maintaining savings account balance of Rs 50 lakh and above will continue to earn interest at 4 pc per annum.

17 Aug 2017 12:21 PM

Yes Bank slashes interest rate on savings account by 1 per cent

The bank has also slashed interest rate on savings accounts to 6.25 per cent from existing 6.5 per cent for deposits over Rs 1 crore. 

16 Aug 2017 8:59 PM

Banks, post offices exempt from cash withdrawal limit

The move to ban cash transactions above Rs 2 lakh was aimed at curbing black money, according to govt.

06 Apr 2017 11:11 AM

No limit on withdrawing money from savings account

The demonetisation of high value currency notes was announced on November 8, 2016.

14 Mar 2017 12:33 AM

Cash withdrawal limits from banks removed from today

Last month, the RBI had issued a notification that there would be no restrictions from March 13.

13 Mar 2017 5:31 PM


SBI to impose penalty on account holders

Failure to maintain MAB in accounts will attract penalty of up to Rs 100 plus service tax.

05 Mar 2017 7:01 PM