New Delhi, May 18 (IANS) Bank of India on Monday announced an increase in interest rates on medium- and long-term fixed deposits of less than Rs 3 crore, effective today.According to the state-owned lender, the revised interest rate for fixed deposits with tenures ranging from one year to less than two years has been increased to 6.50 per cent per annum.For deposits with maturities between two years and less than three years, the interest rate has been revised to 6.60 per cent, while three-year …
Latest Fixed deposits News & Updates
Lucknow, May 14 (IANS) The Central Bureau of Investigation (CBI) has arrested two accused in a bank fraud case involving unauthorized fixed deposits worth Rs 64 crore in the name of an Uttar Pradesh government entity and embezzlement of interest, an official said on Thursday. The CBI registered the instant case on January 15 on receiving a complaint from Bank of India, Lucknow, against accused Deepak Sanjeev Suvarna and Deepak Yadava – both private persons, the probe agency said.The accused we…
Hyderabad, April 23 (IANS) Hyderabad Police Commissioner V. S. Sajjanar on Thursday asked the banks to focus on preventing cyber frauds by ensuring zero mule accounts.The Hyderabad police chief recommended the introduction of a twin-challenge framework to reorient bank branch priorities away from account-opening targets and towards citizen safety and institutional integrity.He strongly advocated that both these challenges should be embedded as formal Key Performance Indicators (KPIs) at the bran…
New Delhi, March 25 (IANS) A major financial irregularity has come to light in Haryana, where the Panchkula Municipal Corporation has found discrepancies of over Rs 150 crore in its fixed deposits with Kotak Mahindra Bank. The development comes just a month after a Rs 590-crore fraud was reported at the Chandigarh branch of IDFC First Bank.According to NDTV Profit report, the civic body had invested funds in fixed deposit receipts (FDRs) at the bank’s Sector 11 branch.However, the issue surfac…
New Delhi, March 8 (IANS) Equity mutual fund allocations among Indian women have risen from about 10 per cent to 32 per cent over five years, while fixed deposit shares fell from around 45 per cent to 20 per cent, a report said on Sunday.The report from wealth management firm Equirus Wealth said that alternative assets such as PMS and AIFs have grown from about 3 per cent to 7 per cent.Around 75–90 per cent of women now hold assets through market corrections rather than exiting in panic, it sa…
Bhopal, Feb 6 (IANS) The Directorate of Enforcement (ED), Bhopal Zonal Office, has provisionally attached two residential flats and 22 movable properties, including fixed deposits and bank balances, totalling approximately Rs 1.58 crore.The assets belong to the late Ved Prakash Shrivastava, former Divisional Engineer of Western Railways, Rajkot Division in Gujarat, and his wife Vibha Shrivastava.The attachment was carried out on February 5, 2026, under the provisions of the Prevention of Money L…
When it comes to investing, NRIs face a unique set of challenges and opportunities. Balancing returns, safety, taxation, and repatriation…
Fixed Deposits (FDs) have long been considered the go-to investment option for Non-Resident Indians (NRIs) and Indian households alike. Known…