Representative image (Photo: ANI) MUMBAI: India’s largest lender, State Bank of India, has cut returns for depositors again. Effective June 15, the bank reduced interest rates on retail term deposits of up to Rs 3 crore by 25 basis points across tenures. Simultaneously, it brought down the savings account rate to 2.5 per cent, its…
Sakshi Gupta had gained unauthorised access to more than 110 accounts of 41 customers and executed multiple illegal transactions. Rs 4.58 crore siphoned off – over 100 accounts of customers accessed – fixed deposits broken: This is not some movie plot – it’s a stunning fraud that a former ICICI Bank relationship manager pulled off!…
Fixed deposits are seen as reliable savings products where money is invested for a specific period with assured returns. (AI image) Top Bank Fixed Deposits: Bank Fixed Deposits (FDs) continue to be a favoured investment option for risk-averse investors looking for consistent returns. The present elevated interest rates offer a favourable investment window, particularly with…
Individuals seeking high-yield investments can participate before the specified end date. (AI image) Special Bank FD schemes: Punjab and Sind Bank alongside IDBI Bank have introduced special fixed deposits with higher interest rates available until December 31, 2024. Individuals seeking high-yield investments can participate before the specified end date. IDBI Bank special FD IDBI Bank’s…
It’s important to note that deposits in small finance banks come with DICGC insurance protection of up to Rs 5 lakh. (AI image) Top Bank FD rates: Although interest rates have generally peaked, several banks continue to provide attractive fixed deposit rates for retail customers depositing less than Rs 3 crore. Senior citizens receive preferential…
Currently, many depositors fail to designate nominees when opening fixed deposits, possibly due to insufficient awareness. (AI image) Multiple nominees for Fixed Deposits soon? The Parliament’s winter session, commencing today, is expected to consider legislation amending banking regulations to enable depositors to designate multiple nominees for fixed despots with specified shares. The implementation of comprehensive…