Corporate Fixed Deposits vs Bank FDs: Difference, investment risk- All you need to know
July 01, 2021 11:31 ISTJust like bank fixed deposits several companies/corporates and NBFCs also collect and deposit money for fixed tenure and give interest.
Just like bank fixed deposits several companies/corporates and NBFCs also collect and deposit money for fixed tenure and give interest.
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.
As per reports, Bank of Baroda will start charging its customers for transactions beyond the prescribed limits from November 1.
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.
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.
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.
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.'
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.
In the year-ago fortnight, banks advances were at Rs 87.98 lakh crore and Rs 115.63 lakh crore.
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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