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COURT ORDERED FD
Bank reduced interest on Rs 5.89 crore FD from 7.75% to 3.5% citing non-renewal; Delhi HC rejects arbitrary rate cut on this groundBank reduced FD rate from 7.75% to 3.5% citing non-renewal of court order FD upon maturity; Delhi HC rules banks cannot reduce such FD inte...- SBI debits Rs 19.9 lakh for late spouse’s loan, freezes salary account despite not part of the debt; High Court orders it to pay widow Rs 20.9 lakhAllahabad High Court has ordered SBI to refund Rs 19.9 lakh after the bank used a widow’s fixed deposit to recover her late husband’s perso...
- Rs 2.42 lakh FD investment and Rs 1.06 lakh cash deposits, no ITR filed, got income tax notice; senior citizen wins case in ITAT Jaipur after 9-year fightNo ITR filed, yet Rs 2.42 lakh FD investment, Rs 1.06 lakh cash deposits triggers tax notice for senior citizen; she wins case in ITAT Jaip...
- Karol Bagh man had foreign bank accounts, FD in Singapore, no ITR disclosure; income tax dept sent black money notice, but ITAT Delhi cancelled the notice for this reasonBlack money notice sent to man with Singapore FD and current bank a/c in his name and no ITR declaration; Know how he won case in ITAT Delh...
- Can NRIs invest in National Savings Certificate (NSC) and avail tax benefits?The National Saving Certificate (NSC) is one of the popular small savings schemes among Indians investors with a low-risk appetite as the s...
- After my death, can my wife transfer our 2BHK to our son via gift deed without an NOC from our daughter?ET Wealth Reader's Query: I own a 2-BHK flat and my wife is a joint owner. We have two children, who are settled abroad. After my death, th...
- NSC vs FD: National Savings Certificate offers higher interest rate than many leading bank fixed deposits; check listNational Savings Certificate Vs FD: NSC provides a 7.7% annual interest rate. This rate is higher than many bank fixed deposits. NSC is a g...
- Big win for depositors: Bank cannot lower FD rate once booked, rules Allahabad High CourtBanks cannot unilaterally cut fixed deposit interest rates after they are booked. The Allahabad High Court ruled this in favor of FD holder...
- NSC vs 5-year tax-saver FD: Which offers higher return to senior citizens in 2025?Indian investors have two key choices for fixed income and tax savings: National Savings Certificates and 5-year tax-saver fixed deposits. ...
- Up to 8.15% FD rate for senior citizens investing for three years; Here’s the full list of banksSenior citizens can now invest in fixed deposit and get interest rates as high as 8.15% for a three-year term, with Utkarsh Small Finance B...
- Going for premature withdrawal of fixed deposit? Know which type of bank FD minimises loss on interest and penaltyCalculate penalty on premature withdrawal of FD: There are two methods by which banks calculate the penalty on premature withdrawal of FD. ...
- Highest interest on 1-year FD: Get up to 8.25% on fixed deposits maturing in a year; full list of banksFixed deposit with up to 8.25% interest: There are several banks who are still offering up to 8.25% interest rate on fixed deposit. Read be...
- Dutch e-bike company VanMoof declares bankruptcy amid financial hurdlesThe company raised $128 million in September 2021 to expand as it rode a boom in the e-bike sector after the Covid-19 pandemic prompted peo...
- DHFL Case: NCLAT to hear FD, NCD holders and Wadhawan's plea on September 29In June, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the resolution plan of Piramal Capital and Housing Finance L...
- ED confiscates properties of Nirav ModiThe properties confiscated by the agency are in the form of four flats at the iconic building Samudra Mahal in Worli Mumbai, one Seaside Fa...
- Unitech raised Rs 600 crore in FDs without permission: EOWDespite repeated attempts -phone calls, SMS, email -Unitech spokesperson refused to comment on the FD scheme.
- Demonetised notes seized in searches should be invested in FDs: High CourtThe bench said that undisputed amount in old notes should be invested in nationalised banks as fixed deposit (FD) before December 30.
- Investors in Elder Pharma’s fixed deposit scheme cry foulA number of aggrieved fixed deposit holders said they have been waiting to hear from the company on their plan for a refund of depositor’s ...
- CBI to probe deeper into transfer of official liquidator's fundsCBI is gearing up for a wider and deeper probe into the fraudulent transfer of funds controlled by the office of the Official Liquidator (O...
- Query Corner: Banking & FinanceBankers have a right of lien and set-off. Set-off means the bank can adjust the credit balance in a customer's account against a debit bala...
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