Home   >>    Investment   >>    Fixed Deposit
PNB deposits rate would not change
Punjab National Bank (PNB) has no intentions to reduce deposit rates.
Vijaya bank introduces V-Utsav scheme
Vijaya Bank introduced V-Utsav (Gold), a 300-day term deposit scheme offering interest rate of 10.25 per cent per annum.
Vijay banks hikes time deposits rate
Vijaya Bank has raised its time deposit rates by 30 basis points to 8.80 per cent for tenures less than 2 years.
Do I have to pay tax deducted at source (TDS) for FDs?
Tax is deducted at source on the interest accrued on FDs as applicable, as per the Income Tax Act, 1961.
What is the range of tenure for which I can open an FD account?
You can deposit money for a period as short 15 days to as long as 10 years.
Can I redeem my fixed deposits (FD) before the original term?
Yes, an FD can be closed before its original term.
Do senior citizens get any extra benefit on the fixed deposits (FD)?
Yes, senior citizens get higher interest rates on their FDs.
SBBJ increases deposit rates up to 50 bps
State Bank of Bikaner and Jaipur (SBBJ) declared to raise fixed deposit rates up to 50 basis points which will be effective from Sep 3.
Union Bank raises deposit rates
Union Bank of India has raised interest rates on term deposits by 25 to 100 basis points, effective August 16, 2008.
State Bank of Hyderabad deposit mobilization drive
State Bank of Hyderabad (SBH) has introduced deposit mobilisation campaign Deposit Dhamaka.
What is a fixed deposit?
A fixed deposit is an account that allows you to deposit your money for a fixed period of time, earning you interest at a fixed rate. It gives you a higher rate of interest than a savings bank account.
Who is eligible to apply for a fixed deposit account?
Any individual or institution is eligible to apply for the account.
How do I apply for an FD account?
You can get a bank FD at any bank. You have to open an FD account with the bank to make the deposit. Some banks may also insist that you maintain a savings account with them to operate an FD account.
How will investing in fixed deposits benefit me?
Apart from the fixed rate of return on your FD investment, you can withdraw the FD at any time before maturity without any difficulty. You can also avail loans.
PNB reduces non-resident deposit rates
Punjab National Bank (PNB) has cut down the interest rates on various non-resident deposits schemes on Sep 2.
Is there a minimum amount that can be deposited into a fixed deposit account?
The minimum deposit amount required for the FD account is Rs. 1,000. There is no fixed multiple or upper limit.
REPCO Bank raises deposit rates
Repatriates Co-operative Finance and Development Bank (REPCO Bank) has hiked the interest rates on its deposits by launching two special schemes, with effect from September 8.
TMB raises deposit rates
Tuticorin-based Tamilnad Mercantile Bank has raised the interest rates on domestic term deposits, effective from August 8.
Karur Vysya raises deposit rates
Karur Vysya Bank has hiked the interest rates by 50 basis points on term deposits maturing between 181 days to 3 years, with effect from August 11.
Karnataka Bank launches new term deposit
Karnataka Bank has launched a one-year deposit scheme called KBL-Varsha offering 10.60 percent interest rate, with effect from September 1.
Federal Bank raises deposit rates
The Federal Bank has hiked interest rates for domestic term deposits. Currently, the bank is paying 10.10 per cent for fixed deposits for a period between one and two years.
NHB to raise money through FD
NHB, for the first time will raise money through fixed deposits from the retail investors to facilitate rural housing and growing business in terms of loan refinancing and direct project financing.
Oriental Bank raises deposit rates
Oriental Bank of Commerce (OBC) has increased its interest rate on fixed deposits on various maturities, with effect from Aug 20.
SBI raises FD rates
State Bank of India (SBI) increased fixed deposit rate for 1, 000 days maturity by 100 basis points to 10.50 percent.
KVB raises deposit rates
Karur Vysya Bank Ltd has hiked the interest rates by 25 to 75 basis points on domestic term deposits effective from September 15.
Allahabad Bank raises deposit rates
Allahabad Bank announced the increase in its interest rates by 25 basis points for term deposits up to Rs. 1 crore with effect from Aug 21.
Exim Bank raises deposit rates
Export Import Bank of India (Exim Bank) has raised its interest rates from the existing 9.5 percent to 10 percent per annum on term deposits maturing between 12 and 60 months.
Canara Bank raises deposit rates
Canara Bank has hiked its interest rates by 25 to 50 basis points for term deposits for different tenors with effect from August 19, 2008.
Bank of India raises deposit rates
Bank of India increased the interest rates rupee term deposits, with effective from Aug 4, 2008.
Andhra Bank reduces NRE deposit rates
Andhra Bank has slashed interest rates on Non Resident External (NRE) fixed deposits (rupee accounts).