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Which bank has provided the saving bank facility to the largest number of account holders in India?
State Bank of India is the largest bank in India and it has the most number of account holders. The banks that are in the list in order are: 1. State Bank of India 2. Punjab National Bank 3. Syndicate Bank 4. ICICI Bank 5. HDFC Bank
What is current account in bank?
A current account is an account used predominantly by businessmen. There usually a higher number of transactions that are allowed in a current account when compared to savings account and it also earns much lesser interest than a savings account. Savings accounts are much more common in India than current accounts.
How many digits in state bank of India in saving account?
The State Bank of India (SBI) savings account number typically consists of 15 digits. This number is unique to each account holder and is used for all banking transactions. Additionally, the account number may be preceded by a bank code for identification purposes.
How many digits are there in the savings account of Bank of India?
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Which back has the highest interest rate on a savings account?
In India, I think Kotak Bank and Yes Bank offer the highest rate of interest on Savings account. They offer 6% interest. Almost all other banks offer the minimum stipulated amount of 4% per annum. Mostly private sector banks offer higher interests and perks for savings account holders when compared to government banks in order to attract customers.
What are different types of bank accounts?
In India: Savings Account Current Account Fixed Deposits account Recurring Deposits account DEMAT Account etc.
How many bank account holders in India are males and how many are females?
125731 are males and 25676 are females
Which bank in has the highest interest in checking and savings account?
Karnataka bank in india has highest interest in savings account. For the amount kept between 7 to 45days you get 4.5% as interest
What was the average savings account yield from 2008 - 2011?
The Average savings account yield would be 3.5% per year from 2008 onwards. It was the same until 2010. In 2011 the Reserve Bank increased the savings account interest rate to 4%. This makes India the country that offers the highest interest rate on savings account.
What is an example of interest-bearing account?
An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of interest on the money you hold in your savings account in India.
Difference between current account and savings account?
A Savings Bank Account is the basic type of bank account where customers can park or save their surplus cash. The money in the account is extremely liquid and can be withdrawn by the customer anytime they want. As a result, the interest rate provided by the banks on such accounts is also very less. In india the savings account interest rate is 4%. Banks may also give you cheque books and ATM/Debit cards to operate your bank account. A current account on the other hand is an account used predominantly by businessmen. There usually a higher number of transactions that are allowed in a current account when compared to savings account and it also earns much lesser interest than a savings account.
How do you check your account balance in bank of India?
From 7th Sept. 2012, Bank of India has introduced a new service as "Quick Balance" for the account holders, who have their mobile numbers registered with this. Under this scheme customer has call a number i.e., 022 - 33598548 and the call sill dicconnect automatically after 2 rings and bank will send a SMS on the registered mobile number with latest balance of the account.
