SBI Tax Saving Fixed Deposit (FD): Interest Rate, Lock-In Period, Key Features
Business | Edited by Anshul | Saturday August 17, 2019
Most commercial banks in the country such as State Bank of India (SBI) offer income tax benefits under a special type of fixed deposit (FD) account. This income tax benefit can be availed by the eligible assessees against their investment - up to Rs 1.5 lakh in a financial year- under Section 80C of the Income Tax Act. Also known as tax-saving fixe...
Here's A Comparison Of Monthly Average Balance Requirements In Top Banks
Business | Edited by Anshul | Wednesday August 14, 2019
Banks such as State Bank of India (SBI), HDFC and ICICI Bank charge a penalty from the customers failing to maintain the required monthly average balance in their savings accounts.
Want To Open A Zero Balance Savings Account? Here's What Top Banks Offer
Business | Edited by Abhishek Jejani | Sunday August 11, 2019
Major commercial banks such as public sector lender State Bank of India (SBI) and its private sector peer HDFC Bank offer zero balance accounts such as BSBD accounts.
SBI Reduces Key Lending Rates, Home Loans To Get Cheaper: 10 Things To Know
Business | Written By Anshul | Wednesday August 7, 2019
SBI or State Bank of India, the country's largest lender by assets, on Wednesday announced a reduction in its benchmark lending rates across all tenors. The bank said its MCLR or marginal cost of funds-based lending rates will be reduced by 15 basis points (0.15 percentage point), and the new rates will take effect on August 10. The move marks the ...
SBI Warns Of Muted Credit Growth, Misses Quarterly Profit Estimates
Business | Thomson Reuters | Friday August 2, 2019
SBI expects gross slippage ratio, which stood at 2.83 per cent by June end, to come below 2 per cent before the end of the year.
SBI's New Interest Rates On Fixed Deposit Take Effect Today
Business | NDTV Profit Team | Thursday August 1, 2019
State Bank of India (SBI) FD interest rates: SBI revised its interest rates applicable to fixed deposits last month. SBI now provides interest rates of 5 per cent to the general public and 5.5 per cent to senior citizens on fixed deposits up to Rs 2 crore for a lock-in period of 7-45 days.
Automobile Dealers Seek Banking Support To Tide Through Sales Crisis
CarAndBike Team | Wednesday July 31, 2019
State Bank of India (SBI) has assured easing of liquidity in a bid to support dealers' business along with improving its service.
State Bank Of India Tightens Lending Terms For Auto Dealers: Report
Business | Thomson Reuters | Tuesday July 30, 2019
The liquidity crunch in non-bank financing, higher insurance costs and rises in taxation have served to increase the pressure on the car sector, with monthly auto sales falling by 17-20 per cent since April.
Tax, Interest Rates On These Products Set To Change From August 1
Business | NDTV Profit Team | Tuesday July 30, 2019
State Bank of India or SBI has decided to do away with IMPS (Immediate Payment Service) charges for its internet banking, mobile banking and YONO (You Only Need One) customers.
Corporate Earnings, Macro Data To Impact Equity Indices: Experts
Business | Indo-Asian News Service | Sunday July 28, 2019
Companies such as DLF, Dr Reddys Labs, GIC, Axis Bank, Hero MotoCorp, NMDC, Tech Mahindra, Indian Oil Corp, Bharti Airtel, HDFC, ITC, Power Grid Corp and State Bank of India are expected to announce their Q1 earning results this week
Penalty Charges Levied By Key Banks For Non-Maintenance Of Minimum Balance
Business | NDTV Profit Team | Monday July 29, 2019
From public sector lender State Bank of India (SBI) to its private sector peers HDFC Bank and ICICI Bank, most banks have fixed their own average monthly balance requirements, which vary depending on factors such as branch location. The amount of penalty in case of non-compliance varies in different branch locations, based on factors such as the de...
Sensex Falls For Fourth Straight Day To Lowest Level In Over Two Months: 10 Points
Business | NDTV Profit Team | Tuesday July 23, 2019
The S&P BSE Sensex and NSE Nifty 50 indexes extended declines to a fourth straight day led by declines in heavyweights HDFC, HDFC Bank, State Bank of India, Reliance Industries, Maruti Suzuki and ONGC, among others. However, the losses were capped as ITC, Kotak Mahindra Bank, Infosys and Larsen & Toubro witnessed buying interest in today's session....
SBI Invites Applications For Recruitment Of Specialist Cadre Officers
Jobs | NDTV Education Team | Tuesday July 23, 2019
SBI recruitment registration link is available on its career portal. Candidates can apply on or before August 12.
Want To Open A Senior Citizen Savings Scheme At SBI? All You Need To Know
Business | NDTV Profit Team | Monday July 22, 2019
Senior Citizen Savings Scheme (SCSS), meant for people above the age of 60, offers an interest rate of 8.6 per cent per annum. An individual can open senior citizen savings account with post offices or commercial banks such as State Bank of India (SBI). A depositor can operate more than one SCSS account, subject to the condition that deposits in al...
SBI ATM Rules: Free Transactions, Withdrawal Limit, Other Details Here
Business | NDTV Profit Team | Friday July 19, 2019
SBI Debit Card: SBI customers can generate request for a cheque book, make bill payments, register for mobile banking and IMPS service using SBI ATM.
Sensex, Nifty Fall For Third Straight Day As Banks, Financials Drag
Jul 22, 2019
Sensex Jumps Over 1,400 Points After Exit Polls Predict NDA Win
May 20, 2019
Etihad, Three Others Bid For Jet Airways, Says SBI Caps As Deadline Ends
May 10, 2019
Electoral Bond Sale Jumps 157% In Poll Season, Touches Rs. 3,622 Crore
May 10, 2019
Group Of Frequent Flyers Proposes Revival Plan For Jet
May 7, 2019
Cannot Fund Mediclaim Policy, Jet Airways Tells Employees
Apr 30, 2019
"Last Chance": Top Court Orders RBI To Disclose Bank Inspection Reports
Apr 26, 2019
Jet Lenders "Reasonably Hopeful" Of Successful Bids For Grounded Airline
Apr 18, 2019
Jet Pilots Urge PM Modi To Help Save 20,000 Jobs, Ask SBI For Funds
Apr 15, 2019
SBI Tax Saving Fixed Deposit (FD): Interest Rate, Lock-In Period, Key Features
Business | Edited by Anshul | Saturday August 17, 2019
Most commercial banks in the country such as State Bank of India (SBI) offer income tax benefits under a special type of fixed deposit (FD) account. This income tax benefit can be availed by the eligible assessees against their investment - up to Rs 1.5 lakh in a financial year- under Section 80C of the Income Tax Act. Also known as tax-saving fixe...
Here's A Comparison Of Monthly Average Balance Requirements In Top Banks
Business | Edited by Anshul | Wednesday August 14, 2019
Banks such as State Bank of India (SBI), HDFC and ICICI Bank charge a penalty from the customers failing to maintain the required monthly average balance in their savings accounts.
Want To Open A Zero Balance Savings Account? Here's What Top Banks Offer
Business | Edited by Abhishek Jejani | Sunday August 11, 2019
Major commercial banks such as public sector lender State Bank of India (SBI) and its private sector peer HDFC Bank offer zero balance accounts such as BSBD accounts.
SBI Reduces Key Lending Rates, Home Loans To Get Cheaper: 10 Things To Know
Business | Written By Anshul | Wednesday August 7, 2019
SBI or State Bank of India, the country's largest lender by assets, on Wednesday announced a reduction in its benchmark lending rates across all tenors. The bank said its MCLR or marginal cost of funds-based lending rates will be reduced by 15 basis points (0.15 percentage point), and the new rates will take effect on August 10. The move marks the ...
SBI Warns Of Muted Credit Growth, Misses Quarterly Profit Estimates
Business | Thomson Reuters | Friday August 2, 2019
SBI expects gross slippage ratio, which stood at 2.83 per cent by June end, to come below 2 per cent before the end of the year.
SBI's New Interest Rates On Fixed Deposit Take Effect Today
Business | NDTV Profit Team | Thursday August 1, 2019
State Bank of India (SBI) FD interest rates: SBI revised its interest rates applicable to fixed deposits last month. SBI now provides interest rates of 5 per cent to the general public and 5.5 per cent to senior citizens on fixed deposits up to Rs 2 crore for a lock-in period of 7-45 days.
Automobile Dealers Seek Banking Support To Tide Through Sales Crisis
CarAndBike Team | Wednesday July 31, 2019
State Bank of India (SBI) has assured easing of liquidity in a bid to support dealers' business along with improving its service.
State Bank Of India Tightens Lending Terms For Auto Dealers: Report
Business | Thomson Reuters | Tuesday July 30, 2019
The liquidity crunch in non-bank financing, higher insurance costs and rises in taxation have served to increase the pressure on the car sector, with monthly auto sales falling by 17-20 per cent since April.
Tax, Interest Rates On These Products Set To Change From August 1
Business | NDTV Profit Team | Tuesday July 30, 2019
State Bank of India or SBI has decided to do away with IMPS (Immediate Payment Service) charges for its internet banking, mobile banking and YONO (You Only Need One) customers.
Corporate Earnings, Macro Data To Impact Equity Indices: Experts
Business | Indo-Asian News Service | Sunday July 28, 2019
Companies such as DLF, Dr Reddys Labs, GIC, Axis Bank, Hero MotoCorp, NMDC, Tech Mahindra, Indian Oil Corp, Bharti Airtel, HDFC, ITC, Power Grid Corp and State Bank of India are expected to announce their Q1 earning results this week
Penalty Charges Levied By Key Banks For Non-Maintenance Of Minimum Balance
Business | NDTV Profit Team | Monday July 29, 2019
From public sector lender State Bank of India (SBI) to its private sector peers HDFC Bank and ICICI Bank, most banks have fixed their own average monthly balance requirements, which vary depending on factors such as branch location. The amount of penalty in case of non-compliance varies in different branch locations, based on factors such as the de...
Sensex Falls For Fourth Straight Day To Lowest Level In Over Two Months: 10 Points
Business | NDTV Profit Team | Tuesday July 23, 2019
The S&P BSE Sensex and NSE Nifty 50 indexes extended declines to a fourth straight day led by declines in heavyweights HDFC, HDFC Bank, State Bank of India, Reliance Industries, Maruti Suzuki and ONGC, among others. However, the losses were capped as ITC, Kotak Mahindra Bank, Infosys and Larsen & Toubro witnessed buying interest in today's session....
SBI Invites Applications For Recruitment Of Specialist Cadre Officers
Jobs | NDTV Education Team | Tuesday July 23, 2019
SBI recruitment registration link is available on its career portal. Candidates can apply on or before August 12.
Want To Open A Senior Citizen Savings Scheme At SBI? All You Need To Know
Business | NDTV Profit Team | Monday July 22, 2019
Senior Citizen Savings Scheme (SCSS), meant for people above the age of 60, offers an interest rate of 8.6 per cent per annum. An individual can open senior citizen savings account with post offices or commercial banks such as State Bank of India (SBI). A depositor can operate more than one SCSS account, subject to the condition that deposits in al...
SBI ATM Rules: Free Transactions, Withdrawal Limit, Other Details Here
Business | NDTV Profit Team | Friday July 19, 2019
SBI Debit Card: SBI customers can generate request for a cheque book, make bill payments, register for mobile banking and IMPS service using SBI ATM.
Sensex, Nifty Fall For Third Straight Day As Banks, Financials Drag
Jul 22, 2019
Sensex Jumps Over 1,400 Points After Exit Polls Predict NDA Win
May 20, 2019
Etihad, Three Others Bid For Jet Airways, Says SBI Caps As Deadline Ends
May 10, 2019
Electoral Bond Sale Jumps 157% In Poll Season, Touches Rs. 3,622 Crore
May 10, 2019
Group Of Frequent Flyers Proposes Revival Plan For Jet
May 7, 2019
Cannot Fund Mediclaim Policy, Jet Airways Tells Employees
Apr 30, 2019
"Last Chance": Top Court Orders RBI To Disclose Bank Inspection Reports
Apr 26, 2019
Jet Lenders "Reasonably Hopeful" Of Successful Bids For Grounded Airline
Apr 18, 2019
Jet Pilots Urge PM Modi To Help Save 20,000 Jobs, Ask SBI For Funds
Apr 15, 2019
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