18 February,2021 07:03 PM IST | Mumbai | Partnered Content
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Recently, according to various news sources, a huge amount of money was deposited into various TSB Kerala accounts because of rate change. Interest rates for various deposits were reduced and before the announcement, people flowed in money into the TSB accounts.
TSB stands for Treasury Savings Bank. It is a government bank by the Kerala State Government.
TSB bank in Kerala offers four types of deposits as it shows. You can also use internet banking or e-banking facilities through TSB website. You can check details related to TSB Online here.
The four types of deposits available in the Treasury saving banks are - TSB or Treasury Saving Bank Account, PTSB or Pensioners Treasury Savings Bank Account , TFD or Treasury Fixed Deposits and ETSB Employees Treasury Savings Bank Account.
According to online news sources, there are more than Rs. 12000 crore rupees deposited in Kerala Treasury bank accounts.
It's also claimed by representatives that interest rates offered by the Kerala Treasury saving bank are much better than commercial banks. According to them, this is an offer one can't refuse.
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