Category: Worth reading – Articles

Mar 9

Switch banks, but not just for a higher savings rate

Senior citizens, it seems, are clearly enjoying the fruits of the freeing of interest rates on savings accounts. After the Reserve Bank of India deregulated savings bank interest rate in October, banks like Kotak Mahindra, YES and IndusInd started offering higher returns (around 5-7%) on savings bank accounts. Until then, banks were mandated to offer […]
Mar 9

Switch banks, but not just for a higher savings rate

Senior citizens, it seems, are clearly enjoying the fruits of the freeing of interest rates on savings accounts. After the Reserve Bank of India deregulated savings bank interest rate in October, banks like Kotak Mahindra, YES and IndusInd started offering higher returns (around 5-7%) on savings bank accounts. Until then, banks were mandated to offer […]