Savings Bank Deposit Account
RBI directs banks to offer nomination facility; customers can opt out
New rules effective November 1 require banks to offer nomination at account opening; refusal allowed only with written declaration, says RBI
 "RBI directs banks to offer nomination facility; customers can opt out")
Optimise returns on short-term corpus with liquid and overnight funds
Yields from these schemes are attractive currently, but could come down if rate cuts happen
 "Optimise returns on short-term corpus with liquid and overnight funds")
CSB's special savings account for senior citizens and women: Details here
The accounts offer a diverse range of features & benefits, including discounts on Locker Rental, Complimentary Airport Lounge Access and RuPay Platinum Debit Card.
 "CSB's special savings account for senior citizens and women: Details here")
Share of low-cost deposits falls as FD rates rise, banks' NIM may take hit
With RBI on monetary tightening path, liquidity has shrunk and interest rates have hardened, forcing banks to hike rates on term deposits in order to get funds for credit growth
 "Share of low-cost deposits falls as FD rates rise, banks' NIM may take hit")
Deposit rates may rise 105 bps due to 190 bps repo rate hike: SBI report
CASA occupies a 45% share in overall bank deposits; it is FDs, which make the remaining 55%, which will need the rate adjustment
 "Deposit rates may rise 105 bps due to 190 bps repo rate hike: SBI report")
No-frills a/c holders pay heavy penalty for exceeding withdrawal limit
While no charges are levied for maintaining no-frills account or BSBDA in a bank, the regular accounts are subject to various fees and charges
 "No-frills a/c holders pay heavy penalty for exceeding withdrawal limit")
