FD rate up to 8% for senior citizens investing for three years; Know list of banksSenior citizens can secure fixed deposit interest rates up to 8 percent for a three-year investment. Several small finance banks are offeri...
23 May, 2026, 10.59 AM IST
RBI cancels licence of Maharashtra-based The Yashwant Co-op BankThe Reserve Bank of India has cancelled the license of The Yashwant Co-operative Bank, Phaltan, Maharashtra, citing inadequate capital and ...
19 May, 2026, 06.18 PM IST
RBI imposes restrictions on Etawah-based Nagar Sahakari Bank for 6 monthsThe Reserve Bank of India has placed restrictions on Etawah-based Nagar Sahakari Bank. Customers can withdraw a maximum of Rs 10,000. The b...
18 May, 2026, 06.44 PM IST
RBI cancels licence of Mumbai-based Sarvodaya Co-operative BankThe Reserve Bank of India has made the tough call to withdraw the license of Sarvodaya Co-operative Bank, a decision rooted in the bank's f...
12 May, 2026, 08.53 PM IST
Post office TD vs PSU bank 5-year FD: Where can you get higher maturity on Rs 2 lakh investment?For a 5-year fixed deposit, the Post Office TD scheme currently offers a higher interest rate compared to most public sector banks' 6%-6.25...
11 May, 2026, 02.22 PM IST
FD rate up to 8.05% for senior citizens investing for five years; Know list of banksFor senior citizens looking to maximize their savings, attractive fixed deposit rates are still within reach. Suryoday Small Finance Bank p...
09 May, 2026, 11.43 AM IST
FD rate up to 8% for senior citizens investing for three years; Know list of banksSenior citizens can still secure fixed deposit (FD) interest rates up to 8.05% for a three-year term from select small finance banks, with ...
25 Apr, 2026, 11.13 AM IST
RBI cancels licence of Shirpur Merchants' Co-operative BankThe Reserve Bank of India has cancelled the licence of The Shirpur Merchants' Co-operative Bank. This action is due to the bank's insuffici...
06 Apr, 2026, 07.16 PM IST
Over 97% of bank accounts were insured at FY25 endAs of March 2025, the DICGC insured 41.5% of total bank deposits by value, covering ₹100.12 lakh crore. The deposit insurance fund saw a 15...
07 Jan, 2026, 12.20 AM IST
If you hold FDs in two merging banks the insurance of your deposits may halve post-mergerIt is quite a big task when two banks are being merged either forcibly or voluntarily. There has been few cases of bank mergers in India an...
16 Dec, 2023, 10.24 AM IST
This 110-year-old bank has stopped its operations: What happens to savings account deposits, FD, RDs of customersThe Rupee Cooperative Bank, which has its headquarters in Pune, had its banking license taken away by the Reserve Bank of India (RBI), whic...
23 Sep, 2022, 09.43 AM IST
RBI's deposit insurance arm to pay depositors of two co-operative banks in AugustEligible depositors of Shankarrao Pujari Nutan Sahakari Bank will get the payment on August 10, and those of Harihareshwar Sahakari Bank on...
03 Jul, 2022, 01.48 PM IST
Depositors of 21 failed cooperative banks including PMC to get deposit insurance coverBanks have been asked to submit claims latest by October 15 and update the position as on November 29, 2021 along with principal and intere...
22 Sep, 2021, 12.35 PM IST
Bill cleared to allow bank depositors to get up to Rs 5 lakh refund within 90 days under DICGC insuranceDuring a debate regarding the DICGC bill in the Rajya Sabha, it was clarified by the finance minister that PMC Bank depositors will also ge...
09 Aug, 2021, 01.33 PM IST
Bank depositors to get up to Rs 5 lakh refund within 90 days under DICGC insuranceThis move is expected to cover around 98.3% of total number of accounts and 50.9% of the value of total deposits held with the banks
29 Jul, 2021, 12.34 PM IST
5 things to know about deposit insuranceDICGC covers depositors of all commercial banks and foreign banks operating in India, state, central and urban co-operative banks, local ar...
16 Mar, 2020, 06.30 AM IST
Your deposits with Yes Bank could be insured for more than Rs 5 lakh: Here's whyHow much of an investor's deposits with the bank are insured depends on how the deposits are held i.e. single deposit vs multiple deposits ...
12 Mar, 2020, 03.57 PM IST