Deposit Schemes

Nominee, survivorship clause can ease heirs' bank account, locker claims

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

Rs 78,213 crore in unclaimed bank deposits: Govt to speed up refunds

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

Canara, Union Bank announce special deposit schemes to boost growth

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

CBI chargesheets accused for deceiving investors in fraud deposit scheme

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

YES Bank's CASA ratio improves in Q2 FY25, loan book grows over 13%

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

Deposit mobilisation not a challenge for bank: SBI chief Dinesh Khara

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

RBI deputy guv Rao bats for need to periodically raise deposit insurance

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

NRI deposits see nearly $4 billion inflows in April-June FY25: RBI data

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

From Canara Bank to HDFC Bank, banks up the ante on deposit drive

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%

Result preview: Cost of deposits to weigh on banks' margins in Q1

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

Consider direct payments, periodic review to enhance deposit insurance: RBI

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

Axis Bank's profitability under pressure on NIM contraction: Moody's

Affirms 'Baa3' long-term deposit ratings

Bank of Baroda hikes domestic retail term deposit rates upto 125 bps

Aims to increase share of short-term retail deposits

Chief executives of shadow banks urge RBI to allow public deposits

Number deposit taking NBFCs fell sharply in last 8 years

Deposit claims worth Rs 752 cr settled in FY23: Financial Stability Report

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

Deposits, pension scheme: Investments you should make before March 31

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

How do countries safeguard depositors' money when banks like SVB collapse?

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

IDBI announces new deposit scheme, lifts deposit rate to 7% for 700 days

The bank has also tweaked the deposit rate for 555 days

Bank of India launches special deposit scheme; raises interest on others

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

Flows into NRI deposits nosedive to mere $349 mn in June quarter

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