SAVINGS ACCOUNTS

  • RBI cautions public against fake website May 26, 2014

    Mumbai: The Reserve Bank on Monday cautioned the public not to fall prey to spurious offers made by a fake website in its name offering savings accounts. "It has come to the notice of the RBI today that a fake website has been created at http://www.rbiinonline.org/savings.html by some unknown persons...
  • Minors over 10 years can operate bank accounts: RBI May 6, 2014

    New Delhi: Minors above 10 years of age can open and operate independently savings bank account and use other facilities like ATM and cheque books. The Reserve Bank on Tuesday issued the guidelines allowing minors to operate bank accounts independently with a view to promote financial inclusion and bring uniformity...
  • Savings account seizure plan draws fury in Cyprus March 19, 2013

    Nicosia: A plan to seize up to 10 per cent of savings accounts in Cyprus to help pay for a (EURO)15.8 billion ($20.4 billion) financial bailout was met with fury on Monday, and the government shut down banks until later this week while lawmakers wrangled over how to keep the...
  • How to get double interest on your savings account! April 22, 2009

    If you are the kind who leaves a lot of money idle in your savings accounts, this news is going to make you happier and richer! The Reserve Bank of India (RBI), in Tuesday's monetary policy, made the regular repo and reverse repo rate cut announcements. These cuts are expected to...
  • Attention: Attractive financial plans could be boobytraps April 22, 2009

    WE talk money with working professionals. As part of this series, we spoke to a marine engineer who was lured into opening a bank account with false promises. Name: Krishnan Subramaniam Age: 35 Where I stay: Mumbai What I do: Marine Engineer Never trust an extra attractive financial scheme. Ask Krishnan Subramaniam. He would know....