NEWS & ADVICE : SAVINGS ACCOUNTS
Banks still awaiting the details of the safe saving scheme
By Vaibhav Aggarwal
Sep 17, 2013
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Banks are still under the dark even after a fortnight about the safe saving scheme which is sponsored by the state that was announced by Chief Minister Mamta Banarjee on September 4.They are still awaiting for the details of the scheme that was supposed to safe guard small investors. As per a statement that was said by a spokesperson of Allahabad bank, once the banks receive the proposal, it will then be forwarded to all their branches.

In another statement that was released by the General Manager of Union Bank of India, until the banks get the proposal, they cannot state that the scheme is final. The scheme is said to give a boost for small investors as well as a wider exposure about the system of banking for those who are still unaware of it. Under the safe saving scheme, an investor can deposit any amount between Rs. 1000 to Rs.1 lakh or even Rs.5 Lakhs, if it is a case of a family.

 


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