Fixed deposit Current Affairs, GK & News

Equitas Small Finance Bank launched Digital FDs

Equitas Small Finance Bank (SFB) has launched a new initiative that enables Google Pay users to book fixed deposits (FDs) on Google Pay in just 2 minutes without opening a bank account. Key Points This functionality of booking FDs will be available for Google Pay users who are using the app from Android devices. Collaboration ..

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RBI’s new norms for Interest on Unclaimed Matured Deposit

Reserve Bank of India (RBI) has notified new norms for interest on the amount left unclaimed with bank after a term deposit matures. Highlights Presently, if a term deposit matures and proceeds are unpaid, amount left unclaimed with bank attracts rate of interest as it is applicable to savings deposits. New norms are applicable on ..

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ICICI Bank launches new fixed deposit scheme ‘FD Health’

The ICICI Bank has launched a new Fixed Deposit (FD) scheme – FD Health that provides the customer a complimentary critical illness cover of Rs 1 lakh from ICICI Lombard General Insurance Company on opening an FD of Rs 2 lakh to Rs 3 lakh for tenure of at least two years. For investors in ..

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Axis Bank launchs a short-term online fixed deposit product “Express FD”

Axis Bank has launched a short-term online fixed deposit product ‘Express FD’ that allows a customer to open a FD account in 3 minutes through the digital mode without opening a savings account with the bank. The new product offers a host of features like attractive interest rates, zero issuance fees and no penalty on ..

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End of Regulated Interest Rates Era

Recently, the Reserve Bank of India has completely deregulated the interest rates. The Interest on Savings Banks Account was the last administered pricing imposed by the banking regulator and now the savings bank account interest rates have been deregulated. This will set a stage among the banks to attract more deposits by offering attractive interest ..

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