The country’s largest lender State Bank has slashed the interest rate on savings bank deposits by a hefty 25-50 bps to 2.5% ...

State Bank of India (SBI) has lowered interest rates on savings accounts and fixed deposits. These changes are effective from ...

Is a business savings account taxed? The interest earned on a business savings account is considered taxable income. Your ...

SBI, in a statement, said the nation-wide drive is to raise awareness about the importance of Inoperative account activation. A savings or a current account is treated as inoperative if the ...

The State Bank of India (SBI) is targeting to keep its current account savings account (CASA) at 40% and deposit growth rate at10%, the public-sector bank’s chairman CS Setty said. SBI’s bank ...

Is a business savings account taxed? The interest earned on a business savings account is considered taxable income. Your bank will issue a 1099-INT form if the earned interest exceeds $10 in a year.