Loan & Finance Tips on Your Finger Tips

When it comes to opening a savings bank account, most of us end up taking the first offer that the bank makes - the minimum account balance option. Under this, a monthly minimum balance needs to be maintained by customers. If not done, non-maintenance charges will be levied by the bank. If you are finding it extremely sweating to maintain the monthly balance and want to dodge these charges, the best way to do is apply for the SBI Zero Balance Account. Anyone can open a saving bank account by submitting their KYC documents. State Bank provides five different options of zero balance account to its customers. Adding more to the glory of the SBI zero balance account is the attractive interest rates it provides you on your savings. What are some of the Attractive Features of the SBI Zero Balance Account?   No Minimum Balance Required: It is quite evident from the name of SBI zero balance account that it demands no minimum balance requirement. Thus, you are free from the charges that...

Basic Savings Bank Deposit account or BSBD account has recently got so much attention. This facility has given people the chance to maintain their savings account without being worried of the penalty they used to pay for not maintaining a minimum balance. This is a zero balance account where there is no need to maintain a minimum account balance. As a result, it is so much easier as compared to a regular savings account. Banks charge a minimal fee from those who fail to maintain a particular balance in their savings account. But, BSBD account requires no such thing. SBI has started promoting its BSBD account as an initiative to aware mainly the rural population of India regarding the importance and usage of a savings account. They can get interest subsidy of different government schemes directly in their bank account without bothering to maintain even a small amount in the bank account. Other banks such as ICICI Bank, Kotak Bank, HDFC and BoB are among those who have started ...