Experts say that locker is not a subject that customers engage with daily unlike a mobile app or a savings account or a debit or a credit card, and consumers do not respond to every communication immediately
Talking to BT, Priyank Kanoongo, head of National Commission for Protection of Child Rights (NCPCR), said, it is illegal for financial institutions to get into corporate tie-ups with edtech platforms like BYJU’s to enable education loans.
The bank said that the hike will allow savings account customers to gain 7 percent interest who have a closing balance above Rs. 5 crore upto Rs. 30 crore. There is also an increase in interest rates on Fixed Deposits and Recurring Deposits with the peak rate being at 8 per cent and 7.75 per cent, respectively.
Savings accounts: Opening a savings account is the first basic step of wealth management and is mostly followed by all. Just like fixed deposit schemes, savings accounts are considered secure investment platforms.