Stay updated with the latest savings-account news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on savings-account topics.
New Delhi [India], April 7: DBS Bank India announced its new DBS Aspire banking proposition, along with the signature Aspire debit card, designed for the country's fast-growing, well-travelled, emerging affluent segment. DBS Aspire extends premium banking access to clients with a total relationship value of Rs. 10 lakh or a minimum monthly savings account average balance of Rs. 2 lakh, positioning the bank as a long-term banking partner to these customers as they grow their wealth. As internati ...Read More >
New Delhi : Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long term wealth creation and financial protection, Promise4Wealth enables participation in market linked returns while offering the assurance of life insurance -- bringing together investment and protection in a more transparent, value ...Read More >
NEW DELHI, April 7, 2026 /PRNewswire/ -- Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next‑generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long‑term wealth creation and financial protection, Promise4Wealth enables participation in market‑linked returns while offering the assurance of life insurance -- bringing together investment and protection ...Read More >
New Delhi [India], April 7: DBS Bank India announced its new DBS Aspire banking proposition, along with the signature Aspire debit card, designed for the country's fast-growing, well-travelled, emerging affluent segment. DBS Aspire extends premium banking access to clients with a total relationship value of Rs. 10 lakh or a minimum monthly savings account average balance of Rs. 2 lakh, positioning the bank as a long-term banking partner to these customers as they grow their wealth. Also Read | ...Read More >
VMPL New Delhi [India], April 7: DBS Bank India announced its new banking/account/dbs-aspire" rel="noopener" target="_blank">DBS Aspire banking proposition, along with the signature Aspire debit card, designed for the country's fast-growing, well-travelled, emerging affluent segment. DBS Aspire extends premium banking access to clients with a total relationship value of Rs. 10 lakh or a minimum monthly savings account average balance of Rs. 2 lakh, positioning the bank as a long-term banking pa ...Read More >
VMPL New Delhi [India], April 7: DBS Bank India announced its new banking/account/dbs-aspire" rel="noopener" target="_blank">DBS Aspire banking proposition, along with the signature Aspire debit card, designed for the country's fast-growing, well-travelled, emerging affluent segment. DBS Aspire extends premium banking access to clients with a total relationship value of Rs. 10 lakh or a minimum monthly savings account average balance of Rs. 2 lakh, positioning the bank as a long-term banking pa ...Read More >
Mumbai: HDFC Bank reported a solid performance for the March quarter (Q4 FY26). The bank's total loans (advances) grew by 12 percent year-on-year to Rs 29.6 lakh crore. A year ago, the loan book stood at Rs 26.43 lakh crore. This steady growth shows continued demand for credit across retail and corporate segments. Deposits See Healthy Increase The bank also saw strong growth in deposits. Total deposits rose 14.4 percent to Rs 31.05 lakh crore, compared to Rs 27.14 lakh crore last year. CASA ...Read More >
Kolkata: Deposits for India's largest private sector lender HDFC Bank grew 14.4% year-on-year, outpacing a 10.2% expansion in assets under management (AUM), bucking the industry trend. The bank on Saturday said its AUM grew to ₹30.58 lakh crore at the end of March, while deposits stood at Rs 31.06 lakh crore. On the liability side, its current and savings account (CASA) deposits were at Rs 10.61 crore, reflecting a 12.3% year-on-year growth. Industry average till March 15 published by Reserve ...Read More >
Kolkata: AU Small Finance Bank's deposit growth outpaced its gross loan portfolio expansion, bucking an industry trend. The bank on Saturday reported a 22.8% year-on-year deposit growth to Rs 1.53 lakh crore at the end of March while its gross loan portfolio, which includes securitised loans, grew 21.3% year-on-year to Rs 1.40 lakh crore. Industry average till March 15 published by Reserve Bank of India showed that bank credit grew by 13.8%, 300 basis points more than the average deposit expan ...Read More >
New Delhi: Taxpayers have received a major relief regarding Long Term Capital Gains (LTCG) from the stock market. The government has now allowed LTCG of up to Rs 1.25 lakh to be reported in the simpler ITR-1 form. This applies to gains from listed shares and equity mutual funds. Earlier, even a small LTCG required taxpayers to file ITR-2, which is more complex. With this change, small investors can now avoid complicated tax forms and file returns more easily. Who Benefits the Most? This move ...Read More >
Karnataka Bank's CASA (current account savings account) deposits grew by 10 per cent and gross advances by 6.9 per cent during 2025-26. Providing provisional key business parameters for 2025-26, the bank said in a stock exchange filing on Wednesday that its CASA improved to ₹36,621.16 crore during 2025-26 from ₹33,281 crore in 2024-25, a growth of 10 per cent. The share of CASA to total deposits of the bank stood at 33.65 per cent in 2025-26 as against 31.75 per cent in 2024-25. Total deposits ...Read More >
New Delhi: Today marks the end of the financial years 2025 and 2026. It was anticipated that there would be some significant changes to the interest rates offered on small savings schemes this time around; however,this did not materialise. The Ministry of Finance has kept the interest rates for small savings schemes unchanged for the quarter commencing April 1,2026. In other words,no modifications of any kind have been made. This decision brings relief to investors participating in schemes such ...Read More >
Bengaluru (Karnataka) [India], March 31: slice, India's first digital & AI native bank, today opened its UPI credit card to all customers. The card, which launched on an invite-only basis in July 2025, has built a waitlist of more than 1.2 million customers. This launch marks one of the first large-scale efforts to build a credit product natively on UPI rails. Also Read | Sadak Suraksha Abhiyan 2026: Aamir Khan Talks About Road Safety, Shares Strict Rule He Has Taught His Children (Watch Video) ...Read More >
NewsVoir Bengaluru (Karnataka) [India], March 31: slice, India's first digital & AI native bank, today opened its UPI credit card to all customers. The card, which launched on an invite-only basis in July 2025, has built a waitlist of more than 1.2 million customers. This launch marks one of the first large-scale efforts to build a credit product natively on UPI rails. The card is free to own and use, with no joining fee, no annual fee, and no maintenance charge of any kind. Payments through t ...Read More >
New Delhi, Mar 30 (PTI) The government on Monday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the eighth straight quarter, beginning April 1, 2026. "The rates of interest on various Small Savings Schemes for the first quarter of FY 2026-27, starting from April 1, 2026, and ending on June 30, 2026, shall remain unchanged from those notified for the fourth quarter (January 1, 2026 to March 31, 2026) of FY 2025-26," the finance ministry said in a noti ...Read More >
State Bank of India (SBI) plans to double the users of its YONO digital to 20 crores as it seeks to transit more and more transactions at one tenth of branch banking costs, chairman CS Setty said. India's largest bank also plans to put 10,000 people on the ground to guide people to transition to the digital banking application as it pushes towards a uniform application on the mobile, web and branch banking. "We currently have about 9.60 crore customers using the YONO app and our ambition is to ...Read More >
New Delhi, Oct 18 (SocialNews.XYZ) India's second-largest private lender, ICICI Bank, reported a 5.2 per cent year-on-year increase in profit after tax (PAT), reaching Rs 12,359 crore for Q2 FY26. The bank in its exchange filing said that net interest income (NII) rose by 7.4 per cent to Rs 21,529 crore, with a net interest margin of 4.30 per cent. Profit before tax excluding treasury grew by 9.1 per cent year-on-year to Rs 16,164 crore in the quarter. "Average deposits grew by 9.1 per cent ye ...Read More >
Mumbai, Oct 3 (PTI) A "structural shift" in deposit composition due to a decline in fixed deposits and lower share of current and savings accounts (Casa) balances poses challenges to banks over the medium to long term, rating agency Crisil said on Friday. This comes amid concerns in some quarters over the increased preference for capital market investments by households looking for higher yields, while others believe the shift is representative of the maturing profile of the system. "Two key t ...Read More >
Mumbai: No-frills account holders can now use the digital banking facility free of cost, as the Reserve Bank on Wednesday expanded the bouquet of services offered to Basic Savings Bank Deposit (BSBD) accounts. BSBD accounts are designed to provide essential banking services to account holders free of cost. Some of the services which are offered by banks free of charge are cash deposit at bank branches as well as ATMs/CDMs, and a minimum of four withdrawals in a month, including ATM withdrawals. ...Read More >
New Delhi, Sep 30 (PTI) The government on Tuesday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the seventh straight quarter beginning October 1, 2025. "The rates of interest on various Small Savings Schemes for the third quarter of FY 2025-26, starting from 1st October, 2025 and ending on 31st December, 2025 shall remain unchanged from those notified for the second quarter (1st July, 2025 to 30th September, 2025) of FY 2025-26," the finance ministr ...Read More >
Mumbai: India's largest public sector bank, State Bank of India (SBI), has announced a change to its Auto-Sweep (MOD) facility. The bank has increased the minimum threshold from Rs 35,000 to Rs 50,000. SBI shared this update through emails to its customers. The message said, 'The minimum threshold limit for the auto sweep facility in Savings Bank accounts has been increased from Rs 35,000 to Rs 50,000. So, the next MOD (Multi Option Deposit) will be triggered at Rs 50,000.' What Is SBI's MOD o ...Read More >
New Delhi: The deadline for filing Income Tax Returns (ITR) is just around the corner September 15, 2025 and taxpayers are in a rush to organize documents and claim deductions. Among the many ways to save on taxes, interest income often creates confusion. Thankfully, the Income Tax Act offers relief under two key sections: Section 80TTA and Section 80TTB. Knowing the difference between these provisions can help you reduce your tax burden and make the most of your savings. Here's a simple guide ...Read More >
Kolkata, Aug 14 (PTI) Chief Minister Mamata Banerjee on Thursday said India would not have got Independence if Bengal was not there, as personalities like Rabindranath Tagore and Subhas Chandra Bose, who contributed significantly to shaping the nation's destiny, were born here. Speaking at a function marking the 12th anniversary of the 'Kanyashree' scheme, Banerjee said Bengal is the beacon of hope which stands for unity amid diversity. "If Bengal was not there, India would not have got Indepe ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) HDFC Bank on Wednesday clarified that the bank has not raised the Average Monthly Balance (AMB) for savings accounts, denying reports suggesting that new account holders in metro or urban branches would need to maintain an average AMB of Rs 25,000. "There has been no change in the Average Monthly Balance (AMB) requirement for any account type," the private sector lender said in a statement. The bank said the AMB for the regular saving accounts and 'saving max ...Read More >
Mumbai (Maharashtra) [India] August 14 (ANI): In a major relief to its customers, ICICI Bank on Thursday announced a rollback of its recent decision to hike the minimum average monthly balance (MAB) for certain savings accounts to Rs 50,000. The private sector lender has now reduced the MAB requirement to Rs 15,000. The bank had in July revised the minimum average balance requirement for select account categories from Rs 10,000 to Rs 50,000. The revision, which was scheduled to come into effect ...Read More >
New Delhi [India], August 14 (ANI): Ahead of the Assembly elections in Bihar, Leader of Opposition in the Lok Sabha Rahul Gandhi on Thursday announced the launch of "VoterAdhikarYatra" against the Special Intensive Revision (SIR) of electoral rolls and called on people to "join this people's movement" Making the announcement in a post on X, the Congress MP said, "From August 17, with #VoterAdhikarYatra, we are launching a direct fight against vote theft from the soil of Bihar" Also Read | New ...Read More >
Mumbai (Maharashtra) [India] August 14 (ANI): In a major relief to its customers, ICICI Bank on Thursday announced a rollback of its recent decision to hike the minimum average monthly balance (MAB) for certain savings accounts to Rs 50,000. The private sector lender has now reduced the MAB requirement to Rs 15,000. The bank had in July revised the minimum average balance requirement for select account categories from Rs 10,000 to Rs 50,000. The revision, which was scheduled to come into effect ...Read More >
Dispur (Assam) [India], August 14 (ANI): The Assam Cabinet, led by Chief Minister Himanta Biswa Sarma, has taken a key decision, including amending building byelaws to ensure ease of doing business. Procurement of 500 MW power, approval of 1500 MV pumped storage project and approving financial sanction of the remaining amount of Rs. 375 crores for the continuation of Ayushman Asom Yojna to provide free medical treatment to the beneficiaries were among the key decisions taken in the meeting. Al ...Read More >
Mumbai (Maharashtra) [India] August 14 (ANI): In a major relief to its customers, ICICI Bank on Thursday announced a rollback of its recent decision to hike the minimum average monthly balance (MAB) for certain savings accounts to ₹50,000. The private sector lender has now reduced the MAB requirement to ₹15,000. The bank had in July revised the minimum average balance requirement for select account categories from ₹10,000 to ₹50,000. The revision, which was scheduled to come into effect from Se ...Read More >
Mumbai: ICICI Bank has taken a step back on its earlier decision to increase the minimum average balance (MAB) required in new savings accounts. The bank had recently raised the MAB from Rs 10,000 to Rs 50,000 for new accounts opened on or after August 1. However, after receiving many complaints and feedback from customers, ICICI has now reduced the amount to Rs 15,000. New Balance Rules Explained The revised minimum balance for new savings accounts is now Rs 15,000 in regular branches, Rs 7,5 ...Read More >
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