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CASA ratio of a bank is the ratio of deposits in current, and saving accounts to total deposits. A higher CASA ratio indicates a lower cost of funds, because banks do not usually give any interests on current account deposits and the interest on saving accounts is usually very low 3-4%. [6] If a large part of a bank's deposits comes from these ...
State Bank of India ( SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 45th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. [11]
Public Provident Fund (India) The Public Provident Fund ( PPF) is a savings-cum-tax-saving instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits. [2]
To check your account balance, log in to your bank’s online banking website using your username and password. Once you’re logged in, navigate to the account balance section. It should be ...
Flexi Fixed Deposits. A Flexi-Fixed deposit is a special kind of deposit offered by banks in India. It is a combination of a demand deposit and a fixed deposit. The depositor is able to enjoy both the liquidity of savings and current accounts and the high returns of fixed deposits.
The current balance and available balance shown on the ATM screen or receipt should be the same as what you see when you log in to your account on the bank's website or mobile app. The available ...
Date of birth. Address (and a proof of address, if your ID lists a previous address) Contact information. Bank account information to fund your new account, if applicable. You may need to lift a ...
A passbook or bankbook is a paper book used to record bank or building society transactions on a deposit account . The Post Office Savings Bank introduced passbooks to rural 19th century Britain. Traditionally, a passbook was used for accounts with a low transaction volume, such as savings accounts. A bank teller or postmaster would write the ...