Deposit Schemes

Deposits, pension scheme: Investments you should make before March 31

Non-linked policies must be availed of by that deadline to earn tax-free return without cap

How do countries safeguard depositors' money when banks like SVB collapse?

Find out how governments and central banks ensure that the depositors' money is protected in case of fallout, like Silicon Valley Bank (SVB) here

IDBI announces new deposit scheme, lifts deposit rate to 7% for 700 days

The bank has also tweaked the deposit rate for 555 days

Bank of India launches special deposit scheme; raises interest on others

Apart from the special deposit scheme, Bank of India has raised interest rate on its existing 555-days fixed deposit scheme to 6.30 per cent

Flows into NRI deposits nosedive to mere $349 mn in June quarter

Outstanding deposits declined to $135.9 billion at the end of June 2022 from $141.5 billion a year ago.

Bank of Baroda launches special deposit schemes offering interest up to 6%

Bank of Baroda has launched a new deposit scheme offering interest rates of up to 6 per cent on domestic retail term deposits. The 'Baroda Tiranga Deposit Scheme' marks the 75th Independence Day of India, which is a special term deposit scheme offering higher interest rates, the bank said in a release on Tuesday. The scheme, to be available till December 31, 2022, has two tenor buckets of 444 days and 555 days, offering interest rates of 5.75 per cent per annum and 6 per cent per annum, respectively. The scheme was launched on Tuesday and is applicable on retail deposits below Rs 2 crore, the bank said. Senior citizens will get additional interest rates on their deposits under the scheme.

HDFC launches 'green and sustainable' deposits programme for retail clients

HDFC Ltd said individuals can earn interest at 6.55 per cent on their deposits, whose period can range from 3-10 years

RBI tweaks norms for interest on unclaimed amount after deposit matures

The new norms are applicable for deposits in all commercial banks, small finance banks, local area banks, and cooperative banks.

SBI cuts lending rate by 15 bps, launches scheme for senior citizens

The State Bank of India (SBI) has introduced a special deposit scheme for senior citizens with a higher interest rate

Banning of unregulated deposit schemes: Here're salient features of new law

The rules under the Act may hold the key to its implementation, say experts

Parliament panel wants punishment for unregulated deposit schemes

Bill proposes to ban deposit takers from promoting, operating, issuing advertisements or accepting deposits in any unregulated deposit scheme.