STI NEWS;"DEPOSIT FUNDS 7 DAYS OR MORE, EARN DOUBLE INTEREST"plus 1 more

DEPOSIT FUNDS 7 DAYS OR MORE, EARN DOUBLE INTEREST

Posted: 06 Sep 2011 08:02 AM PDT

Yes , It is true ,Just park/Transfer your spare funds in Saving bank Account in Term Deposit (FDR) for seven days of more and you will earn 7 % interest on that amount.No withdrawal penalty if deposit remains for more than 7 days .This scheme is provided by SBI and other bank(Check with your bank) . Presently Interest rate on Saving deposit is 4 % . STATE BANK OF INDIA TERM DEPOSIT SCHEME

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Ten Action Points to improve Customer Service of Banks

Posted: 06 Sep 2011 07:42 AM PDT

1. Indian Banks' Association (IBA) will standardise most important terms and conditions (MITC) for at least ten important banking transactions and circulate among banks for adaptation. 2. Banks would initiate the process of providing one view of all bank accounts of a customer including deposits, loans, etc., with the help of available technology, such as, core banking solution. Banks would

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