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Term Deposits News


Term Deposits Interest Rates To Edge Higher, Says ICRA
Following the emergence of Covid-19 pandemic, both the weighted average term deposit rates and weighted average lending rates eased by 150 bps each between Jan 2020 to Jan 2022. "Several banks have hiked deposit rates of various tenures by ...
SBI’s New FD Scheme For Senior Citizens: Is It Really Lucrative?
Recently, amid falling interest rates, SBI as an incentive to attract senior citizens launched a special retail deposit scheme called ‘SBI Wecare Deposit' with a marginally higher premium of 30 bps. Usually senior citizen investor community on FDs is provided a ...
Indian Bank Hikes Interest Rates On FCNR (B) Deposits
The Central Bank of India - RBI, kept the repo rates fixed at 6.50% and this led to the plunge in the markets as well as the domestic rupee value against the strong dollar during yesterday's trade session. Most of the ...
Indian Bank Increases FCNR (B) rates
With effect from January 1, 2018, Indian Bank has revised interest rates on FCNr or on foreign currency non-resident (banking) term deposits upwards. Such deposits in dollar terms with maturity of one year or more but less than 2 ...
PNB Increases Interest Rate On Term Deposits By 1.25%
Even as the government reduced rates on small saving schemes, the second largest public-run lender has with effect from January 1, 2018 revised rates upwards on both bulk and non-bulk deposits for different maturities. In the non-bulk category, for term ...
What Are Callable And Non-Callable Fixed Deposits?
A fixed deposit with a bank is a savings instrument which enables an individual to invest a certain sum for a fixed period of time. And the feature that allows a depositor to withdraw partial or whole of the amount parked ...
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