RBI asks urban co-operative banks to modify FD form

Last Updated: Thursday, August 30, 2012, 20:52

The Reserve Bank Thursday asked the urban co-operative banks to modify fixed deposit (FD) account opening form to allow pre-mature withdrawal in the event of death of one of the joint account holders without any penalty.

RBI asks banks to modify FD form on pre-mature fund withdrawal

Last Updated: Thursday, August 16, 2012, 22:15

The RBI Thursday asked banks to modify Fixed Deposit (FD) account opening forms to allow pre-mature withdrawal of FD on death of one of the joint account holders without any penalty.

RBI asks banks to keep interest rates variations on FDs to minimum

Last Updated: Tuesday, August 14, 2012, 21:20

The Reserve Bank Tuesday asked banks to ensure the variation in interest rates on single-term deposits of Rs 15 lakh and above and other deposits is minimal for corresponding maturities.

PNB hikes interest rate on fixed deposit by 0.25%

Last Updated: Thursday, August 2, 2012, 16:46

The government-run Punjab National Bank Thursday hiked interest rates on term deposit of one year period by 0.25 percent to 9 percent for both domestic and external rupee accounts.

SBI raises fixed deposits rate for NRIs by 0.25%

Last Updated: Monday, July 16, 2012, 23:28

State Bank of India (SBI) on Monday increased its interest rate on fixed deposits for Non-resident Indians (NRIs) by 0.25 percent.

ING Vysya Bank launches ING FD+

Last Updated: Thursday, June 14, 2012, 16:29

ING Vysya Bank on Thursday launched a fixed deposit scheme, offering an interest rate of up to 9.5 percent per annum for one-year deposits.

Banks to take call on fixed deposit rates after policy review

Last Updated: Monday, June 11, 2012, 18:27

Mid-size public sector banks would wait till the mid-term policy review by the Reserve Bank of India before taking a call on reducing interest rates on fixed deposits, top officials said Monday.

SBI cuts fixed deposit rates by 0.25%

Last Updated: Thursday, June 7, 2012, 13:29

State Bank of India on Thursday slashed interest rates on fixed deposits in select maturities by 0.25 percent, a development that is likely to be followed by other banks.

RBI tightens norms for utlisation of foreign currency FDs

Last Updated: Wednesday, May 9, 2012, 23:40

In bid to check outflow of forex, the Reserve Bank Wednesday tightened norms for utilisation of the foreign currency fixed deposit funds.

SBI raises fixed deposit rates in foreign currency by 1.75%

Last Updated: Monday, May 7, 2012, 20:41

State Bank of India on Monday raised interest rates on fixed deposits in foreign currency by up to 1.75 percent.

SBI stock slips 1.62% in early trade on raising FD rates

Last Updated: Wednesday, March 28, 2012, 13:01

Shares of country's largest lender State Bank of India (SBI) on Wednesday fell 1.62 percent in early trade on the BSE, after it raised fixed deposit rates on select maturities by up to 1 percent.