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RECURRING DEPOSITORS
India has got a $5 trillion sleeping giant: Can govt wake it up?India holds an estimated $5 trillion worth of gold in households and temples, yet continues to spend billions importing more every year. As...- RBI floating rate bond : Has 8.05% interest rate changed? Here's what investors should knowThe Reserve Bank of India has maintained the Floating Rate Savings Bond interest rate at 8.05% following the Finance Ministry's decision to...
- FCNR(B): Revisiting a proven crisis management toolFacing renewed external sector pressures, the RBI has revived a version of the FCNR(B) deposit framework to attract foreign currency inflow...
- The most effective savings products may be the ones that feel responsiveIndian households are changing how they save. Digital finance means people see their money grow more often. Banks are now offering monthly ...
- Rs 10,000 monthly investment in post office RD vs SBI RD: Where will you get higher maturity amount in 5 years?Investing Rs 10,000 monthly in a Post Office Recurring Deposit for five years yields a higher maturity amount than an SBI RD. The Post Offi...
- Have unclaimed deposits, insurance, mutual funds? Government launches single portal to trace forgotten assetsThe Ministry of Finance has launched a new portal to help citizens find forgotten money. This initiative, called 'Your Money, Your Right', ...
- Is there a time limit for depositor to claim unclaimed amount from DEA Fund? RBI releases important FAQsWhat is Depositor Education and Awareness Fund: The deposits becoming due to be transferred to DEA Fund (i.e., unclaimed for 10 years), in ...
- How much interest rate is applicable on unclaimed amounts in savings account, fixed depositsThe banks will transfer unclaimed funds to special account designated by the Reserve Bank of India dubbed as the Depositor Education and Aw...
- 60% women investors in US markets are recurring depositors: Vested FinanceBesides recurring deposits, women also have shown interest in stocks and ETFs. Of 10 stocks and ETFs in which attract women, 9 are tech com...
- These post office RD investors to get refund of default feeAccording to the Department of Posts (DoP), investors in RD will be reimbursed for any excess default fees they paid as a result of a syste...
- Depositors of Lucknow cooperative bank to get money from DICGC on April 27Depositors of Beed-based Dwarakadas Mantri Nagari Sahakari Bank will get payments on June 6. DICGC, a wholly-owned subsidiary of the RBI, p...
- Deposit insurance reforms to instil confidence in people on banking sector: PM ModiPrime Minister Narendra Modi said deposit insurance reforms undertaken by the government will instill confidence in account holders on the ...
- PM Modi to address bank deposit insurance programmeWith deposit insurance coverage of Rs 5 lakh per depositor per bank, the number of fully protected accounts at end of previous financial ye...
- 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...
- How safe are small banks offering higher interest rates on deposits to investors?New and small finance banks are luring depositors with higher rates. Experts say there is little to fear from these relatively less-known e...
- Unclaimed bank money to be used for depositors education: RBIUnclaimed bank deposits, which are estimated at Rs 3,500 crore, will be utilised for education and awareness of depositors, the Reserve Ban...
- ICICI Bank rolls out online flexible recurring depositPrivate sector major ICICI Bank on Wednesday launched iWish, an online recurring deposit product targetted primarily at young depositors.
- Insurance for your bank depositsA bank fixed deposit has always been considered one of the safest investment avenues in the country
- HDFC to pay variable rate on recurring depositsHousing finance major, HDFC, has decided to pay variable interest rate on recurring deposits, a move aimed at attracting long-term deposits...
- 'New Companies Act to ensure safety of depositors' money'The Government said on Saturday a bill to amend Companies Act, 1956, expected to be tabled in the winter session of Parliament, will contai...
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