Rural Bank Accounts

At the Union Budget 2022 session, Minister of Finance Nirmala Sitharaman said that in this year, 1.5 lakh post offices in the country will come under a core banking system, enabling financial inclusion and access to accounts through netbanking

Gujarat MLA Jignesh Mevani has alleged that a multi-crore scam has surfaced in a village in Banaskantha district of the state, in which bank accounts were opened in the name of around 500 villagers without their knowledge for the transfer of money under the MNREGA scheme, in order to siphon off the funds.

In a big relief to workers under the rural employment scheme (MNREGA) in Uttar Pradesh during the nation-wide lockdown, Chief Minister Yogi Adityanath said on Monday that Rs 611 crore has been deposited directly into the bank accounts of around 27.15 lakh beneficiaries of the scheme in the state.

In rural Uttar Pradesh, and elsewhere in the country, it's Prime Minister Narendra Modi's "Kisan" (farmer) versus Congress chief Rahul Gandhi's "NYAY" (justice), with voters weighing in on the Congress's Rs 72,000 a year income top-up promise for India's poor against the BJP's already implemented scheme of sending Rs 2,000 to the bank accounts of s...

ICICI Bank and HDFC Bank minimum monthly balance rules: Customers having an account in rural areas need to maintain Rs 2,000 for both banks.

Communications Minister Manoj Sinha also launched e-commerce portal of the Department of Posts providing an online market place to rural artisans and public sector units to sell their products.

Most of the leading banks have fixed their AMB according to the location of a customer's account in urban, metro, semi-urban and rural areas.

State Bank of India (SBI) estimated the country's economy to expand by 7.5-7.6 per cent, slower than the prior quarter, mainly on account of a slowdown in rural demand.

Leading banks have fixed their monthly average balance requirements according to the location of a customer's account in urban, metro and rural areas.

Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank or IPPB -- the largest payments bank in the country by network size. A payments bank operates on a small scale; it carries out most banking operations but cannot give loans or issue credit cards directly. The new bank will leverage the postal department's vast network ac...

SBI has classified its branches into four categories: rural, semi-urban, urban and metro. It has set different average monthly balances to customers holding savings bank accounts with it, depending on the location of branch. Customers failing to meet the average monthly balance requirements in a month have to bear certain penalty charges. These cha...

Leading public sector banks State Bank of India (SBI) and Punjab National Bank (PNB), and private sector peers HDFC Bank and ICICI Bank have fixed their monthly average balance requirements according to the location of a customer's account in urban, metro, semi-urban and rural areas, among other factors.

SBI (State Bank of India) offers zero balance savings accounts, which do not require any minimum balance. Besides, it also offers savings accounts facility across its metro, urban, semi-urban and rural branches. Minimum balance requirements and penalties across all these savings accounts vary depending on branch location.

For semi-urban and rural centres, the charges have been reduced from Rs 40 per month plus GST to Rs 12 and Rs 10 per month plus GST, respectively, the bank said in a release.

The country's largest lender, State Bank of India (SBI), collected Rs 1,771 crore between April-November 2017 as charges from customers for failing to maintain monthly average balance in their accounts. This is more than Rs 1,581.55 crore that it earned as net profit in September quarter. The bank on Tuesday clarified on its charges for non-mainten...

At the Union Budget 2022 session, Minister of Finance Nirmala Sitharaman said that in this year, 1.5 lakh post offices in the country will come under a core banking system, enabling financial inclusion and access to accounts through netbanking

Gujarat MLA Jignesh Mevani has alleged that a multi-crore scam has surfaced in a village in Banaskantha district of the state, in which bank accounts were opened in the name of around 500 villagers without their knowledge for the transfer of money under the MNREGA scheme, in order to siphon off the funds.

In a big relief to workers under the rural employment scheme (MNREGA) in Uttar Pradesh during the nation-wide lockdown, Chief Minister Yogi Adityanath said on Monday that Rs 611 crore has been deposited directly into the bank accounts of around 27.15 lakh beneficiaries of the scheme in the state.

In rural Uttar Pradesh, and elsewhere in the country, it's Prime Minister Narendra Modi's "Kisan" (farmer) versus Congress chief Rahul Gandhi's "NYAY" (justice), with voters weighing in on the Congress's Rs 72,000 a year income top-up promise for India's poor against the BJP's already implemented scheme of sending Rs 2,000 to the bank accounts of s...

ICICI Bank and HDFC Bank minimum monthly balance rules: Customers having an account in rural areas need to maintain Rs 2,000 for both banks.

Communications Minister Manoj Sinha also launched e-commerce portal of the Department of Posts providing an online market place to rural artisans and public sector units to sell their products.

Most of the leading banks have fixed their AMB according to the location of a customer's account in urban, metro, semi-urban and rural areas.

State Bank of India (SBI) estimated the country's economy to expand by 7.5-7.6 per cent, slower than the prior quarter, mainly on account of a slowdown in rural demand.

Leading banks have fixed their monthly average balance requirements according to the location of a customer's account in urban, metro and rural areas.

Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank or IPPB -- the largest payments bank in the country by network size. A payments bank operates on a small scale; it carries out most banking operations but cannot give loans or issue credit cards directly. The new bank will leverage the postal department's vast network ac...

SBI has classified its branches into four categories: rural, semi-urban, urban and metro. It has set different average monthly balances to customers holding savings bank accounts with it, depending on the location of branch. Customers failing to meet the average monthly balance requirements in a month have to bear certain penalty charges. These cha...

Leading public sector banks State Bank of India (SBI) and Punjab National Bank (PNB), and private sector peers HDFC Bank and ICICI Bank have fixed their monthly average balance requirements according to the location of a customer's account in urban, metro, semi-urban and rural areas, among other factors.

SBI (State Bank of India) offers zero balance savings accounts, which do not require any minimum balance. Besides, it also offers savings accounts facility across its metro, urban, semi-urban and rural branches. Minimum balance requirements and penalties across all these savings accounts vary depending on branch location.

For semi-urban and rural centres, the charges have been reduced from Rs 40 per month plus GST to Rs 12 and Rs 10 per month plus GST, respectively, the bank said in a release.

The country's largest lender, State Bank of India (SBI), collected Rs 1,771 crore between April-November 2017 as charges from customers for failing to maintain monthly average balance in their accounts. This is more than Rs 1,581.55 crore that it earned as net profit in September quarter. The bank on Tuesday clarified on its charges for non-mainten...