Deposit Schemes

For claims without a nominee, heirs should be prepared to submit succession certificates or letters of administration for larger amounts

Deposits under the Depositor Education and Awareness Fund alone stood at Rs 62,225 crore by the end of March 2023.

Amid muted deposit growth, Canara and Union Bank launch targeted deposit products offering higher interest, health insurance, and personalised support services

CBI registered the instant case against the private firm, its proprietor, charge sheeted accused

Mumbai-based lender's overall deposit growth better than other commercial banks

In response to declining deposits, several Indian banks have introduced limited-period special fixed deposit schemes with higher interest rates for specific tenures

An alternative targeted insurance approach with full coverage for certain sections of customers like small depositors and senior citizens can be explored

In June, inflows into the various NRI schemes stood at $1.23 billion compared to $1.7 billion in May

Private sector lender Bandhan Bank on the other hand, decided to up their rate substantially over others. On Tuesday, it announced a new bucket of 1 year 9 months at an attractive interest rate of 8%

According to Bloomberg analysts, listed banks are forecasted to see a 14.5 per cent year-on-year (Y-o-Y) increase in net profit

In India, deposit insurance is mandatory for all banks, including foreign banks

Affirms 'Baa3' long-term deposit ratings

Aims to increase share of short-term retail deposits

Number deposit taking NBFCs fell sharply in last 8 years

In absolute terms, the insured deposits amounted to Rs 83.89 trillion as of March 31, 2023

Non-linked policies must be availed of by that deadline to earn tax-free return without cap

Find out how governments and central banks ensure that the depositors' money is protected in case of fallout, like Silicon Valley Bank (SVB) here

The bank has also tweaked the deposit rate for 555 days

Apart from the special deposit scheme, Bank of India has raised interest rate on its existing 555-days fixed deposit scheme to 6.30 per cent

Outstanding deposits declined to $135.9 billion at the end of June 2022 from $141.5 billion a year ago.