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  Fixed Deposits for senior citizens: Public, private banks providing higher interest in December

  December 23, 2024 13:37 IST

  The Fixed Deposits are one of the safest and most trusted ways of making long-term investments. By making a one-time investment, an individual can earn up to an interest of nearly 8.5 per cent through FDs.

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  Corporate Fixed Deposits vs Bank FDs: Difference, investment risk- All you need to know

  July 01, 2021 11:31 IST

  Just like bank fixed deposits several companies/corporates and NBFCs also collect and deposit money for fixed tenure and give interest.

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  Banks to levy charges on deposits, withdrawals of money from today. Check full list

  Business | November 02, 2020 9:53 IST

  Bank of Baroda (BOB) will start charging its customers for transactions beyond the prescribed limits from today. Names of other banks like Bank of India, PNB, Axis Bank and Central Bank are also emerging in reports, but they are yet to take a final call on the matter.

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  Banks to charge for deposits & withdrawals from today, Congress says 'Kamar Tod Tohfa'

  Business | November 01, 2020 10:24 IST

  As per reports, Bank of Baroda will start charging its customers for transactions beyond the prescribed limits from November 1.

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  SBI cuts savings bank deposit rates by 5 basis points to 2.70%

  Business | June 02, 2020 21:58 IST

  The country's largest lender State Bank of India (SBI) has reduced interest rate on savings bank deposits by 5 basis points to 2.70 per cent per annum across all brackets.

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  Good News! RBI hikes insurance cover on bank deposits to Rs 5 Lakh

  Business | February 05, 2020 7:35 IST

  Deposit insurance was static at Rs 1 lakh since 1993. The cover is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the RBI.

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  Budget 2020: BIG relief for bank depositors! Insurance cover hiked from ₹ 1 lakh to ₹ 5 lakh

  Business | February 01, 2020 13:14 IST

  Bank deposit insurance cover hiked: Finance Minister Nirmala Sitharaman on February 1, 2020, announced a hike in insurance cover for bank depositors and said depositors' money is absolutely safe. Deposit Insurance and Credit Guarantee Corporation has been permitted to increase deposit insurance coverage to Rs 5 lakh per depositor from Rs 1 lakh.

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  'Not all money, only up to ₹ 1 lakh insured in banks,' RBI-owned subsidiary says

  Business | December 03, 2019 13:19 IST

  Having more than Rs 1 lakh in a bank account? Then this article is important to you. After Reserve Bank of India (RBI) put restrictions on PMC Bank depositors, “Is my money safe with banks?, “Is keeping money in the bank in savings/deposit account akin to lending to a bank? “Why is my deposit amount not fully covered by insurance?”, are some of the queries that keep rising. Finally, a wholly-owned subsidiary of the Reserve Bank of India, DICGC, has issued a statement clearing 'how much amount in the bank accounts are insured.'

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  HDFC Bank clarifies on viral passbook pic with insurance deposit stamp

  Business | October 18, 2019 7:06 IST

  HDFC Bank Customers alert! A passbook picture of HDFC Bank, India one of the largest private sector bank, bearing a stamp of deposit insurance cover being circulated on social media which informs customers that deposits only up to ₹1 lakh is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). Issuing a clarification on it, the lender said the information was not new and has been inserted as per Reserve Bank of India circular issued on June 22, 2017.

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  Bank credit grows by 10.26%, deposits 10.02%: RBI data

  Business | September 27, 2019 11:32 IST

  In the year-ago fortnight, banks advances were at Rs 87.98 lakh crore and Rs 115.63 lakh crore.

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  SBI, PNB revise interest rate on fixed deposits

  August 02, 2012 20:13 IST

  New Delhi, Aug 2: Within days of RBI's quarterly review of monetary policy, State Bank of India (SBI) today cut interest rate on fixed deposit of over 5 years by 0.25 per cent to 8.50

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