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"We encourage customers to send Rs 2,000 notes through the insured post to the RBI for direct credit in their account in the most seamless and secure manner. This (will) save them from the hassle of travelling to specified branches and standing in queue," RBI Regional Director Rohit P Das said.
RBI has said that the minimum amount for non-callable term deposit can be increased from Rs 15 lakh to Rs 1 crore. What is the difference between non-callable and callable FD? How will the common man benefit from this?
What is the reason behind rising attrition levels reported in private banks?
HDFC Bank is offering 7.75 percent interest to senior citizens on FDs ranging from 5 years-1 day to 10 years
The Reserve Bank of India (RBI) on Thursday said that banks will have to provide premature withdrawal facility on all fixed deposits up to Rs 1 crore. At present this limit is up to Rs 15 lakh. The Reserve Bank said in a circular that after a review, it has been decided that the minimum […]
Kotak Mahindra Bank has hiked interest rates to as high as 7.25 per cent on fixed deposits of 23 months to less than 2 years tenure. But is 7.25 per cent currently the highest interest rate that one can get by opening an FD with any of the private banks in the country?
Smaller banks are willing to incur higher costs to gather more funds in a short time!
The Reserve Bank on Tuesday said it has imposed a penalty or Rs 12.19 crore on ICICI Bank and Rs 3.95 crore on Kotak Mahindra Bank for non-compliance of certain regulatory norms.
Axis Bank has given a big jolt to depositors at the start of the nine-day festival of Navaratri! The private lender has reduced fixed deposit interest rates.