However, the bank will continue to pay 6 per cent interest on deposits of over Rs 1 lakh and less than Rs 1 crore. Customers maintaining account balance of below Rs. 50 lakh will earn interest at 3.5% per annum. "Customers maintaining account balance of below Rs 50 lakh will earn interest at 3.5% per annum".
Mumbai: Both private sector and public sector banks have been cutting interest rates on savings account across the country. For daily balances of above Rs. 1 crore, the interest rate is revised to 5% p.a, from the existing 4% p.a, whereas for daily balances of Rs. 50 lakhs to Rs. 1 crore, the applicable interest rate is 4% p.a. For most of the time since interest on savings account were deregulated in 2011, real interest rates on savings account were negative as inflation ruled much higher than the 4% return offered on these accounts. Deposits above Rs 1 crore would attract 6.25 per cent interest.
North Korea Is Approaching 'Red Line', Moon Says
Benjamin Habib, a Korea expert at Australia's La Trobe University, said opinions about military drills fall into two broad camps. Moon called on August 14 for calm in the standoff with the North, saying there should never be another war on the peninsula.
Japan's exports rise for eighth straight month
TOKYO-Japanese exports rose 13.4% in July from a year ago, helped by exports of cars and automotive components. Oil imports, half of which came from the Middle East, jumped 26% year-on-year to 1.2 trillion yen.
Digital Payments Banks are still offering lucrative interest rates on deposits with them. You can take benefit of it and move your account to any of the small banks close to you.
Airtel is offering the highest interest rates among the functioning payments banks. The change was brought into force from August 16. Total income for the quarter ended June 30, 2017, was Rs 22,185.4 crore.
Karnataka Bank: The bank now offers three percent on saving accounts with deposits up to Rs 1 lakh. The 4% rate will continue for deposits of and above Rs 50 lakh. The relatively newer banks or those that were attempting to make inroads to gain market share had offered higher rates of 6-7% like Kotak Mahindra Bank and Yes Bank. Earlier, the banks gave interests on least amount of balance in a savings account between the 10th and the last day of each month.
RHP Casey Lawrence and RHP Thyago Vieira were optioned to Triple-A, and RHP Christian Bergman was designated for assignment. He allowed six hits for his first victory since August 12, 2013, when he went 2-5 in 10 starts with Minnesota.
However, leaving the match to one side, the Sun claim that Chelsea are planning to launch a bid for Rose this weekend. Based on Rose's comments, one may have suspected the defender is more likely to join Man United, rather than Chelsea.
Bomb Threat At Delhi HC - A Hoax:- After a bomb threat was received, the Delhi High Court has been placed on high alert. The telephone call was traced to a phone number registered in western Uttar Pradesh, a police officer said.
North Korea began producing fissile material for bombs in the early 1990s and conducted its first nuclear test explosion in 2006. The U.S. military has said it plans to increase its presence on Guam and will move thousands of U.S.
President Trump says CEOs who quit his manufacturing council are "grandstanders" - and he says he doesn't need them anyway. The outrage eventually forced Trump to issue a new statement condemning racism and hate groups by name on Monday.
PC Financial Mastercard: If you are a current PC Financial Mastercard holder, there is no change to your account. This means that the President's Choice Financial brand will wind-down its consumer banking offer.
Arda Turan, Andres Gomes, Lucas Digne, Paco Alcacer, Aleix Vidal and others are yet to prove they are good enough on a regular basis (and they have had plenty of chances). "No, I don't think that's a conclusion which should be drawn".
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Analysts Consensus For Lloyds Banking Group (LON:LLOY)
As of the end of the quarter Schafer Cullen Capital Management Inc had bought 240,095 shares growing its stake by 807.6%. Lloyds Banking Group PLC presently has an average rating of Buy and a consensus price target of GBX 75.26 ($0.98).
Taiwan's Ing-wen apologises for nationwide power outage
Taiwan is now experiencing its " longest heat wave in history " - 12 consecutive days of temperatures above 36 degrees Celsius. Lee and senior officials from CPC and Taiwan Power made an apology to the general public shortly before Hsu's announcement.
Critic: Removing Confederate statues was wrong
In Lexington, Kentucky , the mayor has planned to remove two confederate monuments from the city's former courthouse. Pugh said at the time that she wants the statues to be placed in Confederate cemeteries elsewhere in Maryland .
Pit bulls save Florida kids from venomous snake
The kids, ages 1 and 4, were playing outside of their grandmother's home, unaware that a copperhead snake lurked inches away. And thanks to Butt's social media posts and the kindness of strangers, she won't even have to worry about the vet bills.
Manchester Arena to reopen after May's deadly attack
Poet Tony Walsh, known as Longfella, will also perform and there will be a pre-show DJ set from Clint Boon. The arena will host a benefit concert September 9 featuring musician Noel Gallagher, NPR reported .