Fixed deposits: FD interest rates of different banks vary by deposit amount, deposit tenure and type of depositor.
Dormant bank accounts: Rs 18,381 crore is lying idle in different bank accounts till March 31, 2019, according to RBI data.
Bank Holidays Sept 2021: The major holiday of the month is Ganesh Chaturthi which starts on September 10
All bank deposits including savings, fixed, current and recurring deposit for up to the limit of Rs 5 lakh per bank is insured by the DICGC.
These include new cheque payment systems, PF-Aadhaar linking, lower savings interest rate, and Maruti’s models becoming more expensive.
The value of online frauds in India reached Rs 195 crore in FY20 from Rs 71 crore in FY19 according to RBI.
If your valuables in the bank locker get stolen, catch fire, or get water damaged, the loss will be borne by the bank.
Financial inclusion increases the availability of economic resources and encourages people to save
Added liability comes after the government removed the pension cap of ₹9,284 per family
With a view of enhancing coin supply, the RBI increases incentives to lenders for coin distribution