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It is now usually given free of cost. For some time, the rate of interest on the balance in the savings account in Indian banks was regulated by the Reserve Bank of India. However, the bank can now keep any rate of interest they deem fit. Banks have to follow the RBI's know your customer guidelines to allow an individual to open a savings ...
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]
Yono Lite is a mobile banking application from the State Bank of India. [ 7 ] [ 8 ] Earlier, it was available as "SBI Anywhere Personal" but it was rebranded as "Yono Lite" in 2018, after the introduction of YONO app. [ 9 ] In 2021, Yono Lite saw several updates to protect its users from digital frauds.
A savings account allows you to hold your money, whether for an emergency fund, a short-term goal or a long-term, big-ticket item like your child’s education, your wedding or a down payment on a ...
Offering higher interest rates that can pay out more than 10 times the 0.45% national average of a traditional savings account, a high-interest savings account can help you grow your money faster ...
A savings account is a safe place to keep your emergency fund or set aside money for short-term financial goals. These accounts are offered by almost every bank and credit union in the U.S., and ...
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