Savings Account

Small depositors hit across nation as banks slash savings rate

At a time when banks are flooded with surplus liquidity, margins get squeezed and credit growth continues plunging, more banks are likely to slash interest rates on savings bank accounts.

published on : 6th August 2017

Arun Jaitley defends SBI decision to cut savings account interest rate

The Union Finance Minister said to protect the interests of senior citizens, the government has already floated a deposit scheme that guarantees 8-plus per cent interest rate.

published on : 3rd August 2017