Interest rate on fixed deposits between 7-179 days has been reduced to 7 per cent from 7.5 per cent, SBI said in a statement.
India's mergers and acquisitions (M&A) market is projected to maintain an annual run-rate of approximately $200 billion, evenly split between domestic, inbound, and outbound transactions, despite global geopolitical turbulence, according to Rajesh Singhi, global co-head, M&A Advisory, Standard Chartered Bank.
Bank deposits serve the purpose of preserving capital, which is the most wanted at certain times.
High volatility in the stock market coupled with falling inflation has brought back fixed deposits as an attractive investment avenue for the investors who are looking for fixed returns.
Retiring at 50 is not unrealistic. It simply requires: Discipline + Long-Term Vision + Compounding
Four indian banks are offering cards with a credit limit of 80-90 per cent of the fixed deposit.
The bank, however, has ruled out cut in benchmark lending rate saying the bank is offering one of the lowest rates in the industry.
Students and families must stress test repayment capacity based on Indian salary standards.
Delhi Police have dismantled a cyber fraud racket based in Mewat, arresting four individuals for allegedly impersonating Indian Air Force officials and defrauding businessmen using forged documents.
As deposit growth lags credit expansion, Indian banks face shrinking low-cost Casa inflows, rising funding costs, and structural shifts driven by UPI, e-Kuber, and digital savings trends, points out Tamal Bandyopadhyay.
Ladakh Lieutenant Governor Vinai Kumar Saxena on Sunday approved a new Excise Policy, permitting the sale of hard liquor through retail vends, reducing documents to obtain a licence from 16 to six and extending the liquor availability to four more districts.
With the revision, term deposit between 180-210 days less than Rs 1 crore (Rs 10 million) would now earn 7 per cent against existing 6.80 per cent, SBI said in a statement.
Higher returns, more liquidity draw individual investors to savings accounts.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Can't believe that your humble fixed deposit investment can ever give you a return of 23 per cent per annum? Well, you need some simple math, some smart jugglery and the numbers add up.
'Credit growth in India remains in double digits, even though corporate borrowing is subdued.' 'Corporate credit is weak because companies are cash-rich and cautious amid global uncertainty.'
'First-time applicants may witness longer approval times or higher rejection rates and requests for more documentation.'
Yield-generating instruments like Infrastructure Investment Trusts (Invits), Real Estate Investment Trusts (Reits), and Non-Convertible Debentures (NCDs) are witnessing a surge in investor interest, contrasting with a notable slowdown in the equity primary market, which saw only one IPO in April.
In the rush to complete tax-saving investments at the end of the financial year, many taxpayers choose instruments that do not match their long-term financial goals.
A Delhi court sentenced Madhya Pradesh Congress MLA Rajendra Bharti and a former bank employee to three years' imprisonment each in a cheating case involving the forging of bank records to obtain illegal interest payments between 1998 and 2011.
A special MP-MLA court in Sultanpur deferred the hearing in a model code of conduct violation case involving AAP leader Sanjay Singh due to the investigating officer's absence. The next hearing is scheduled for May 14.
If you invest for the shorter-term now, you will be able to roll over to higher rates when the interest-rate cycle turns, advises Sarbajeet K Sen.
Madhya Pradesh Congress MLA Rajendra Bharti has been disqualified from the state legislative assembly after being convicted in a bank fraud case involving the tampering of bank records to secure illegal interest payments.
Lawyers for Imran Khan and his wife Bushra Bibi have requested an adjournment in the 190 million-pound Al Qadir case, citing difficulties in obtaining instructions from their clients in jail. The case involves allegations of corruption related to the Al-Qadir Trust.
'In my entire career, whenever friends, relatives, or associates have sought my counsel, I have told them consistently: Stay away from equities. Buy gold. Place funds in fixed deposits. Acquire some raw land.' 'That is all one genuinely needs to build meaningful, enduring wealth, without the attendant anxiety of equity market participation.'
Reserve Bank Governor Sanjay Malhotra on Friday said the key policy rates will remain at low levels for a long period and may go down even further.
The Supreme Court has disposed of Teesta Setalvad's plea for passport release, advising her to reapply with a travel itinerary. The case relates to alleged fabrication of documents in the 2002 Gujarat riots.
From the financial year 2025-2026, the government has introduced a new column in the tax return form for presumptive taxpayers, requiring them to disclose their year-end investments. This requirement was not present last year.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
The Motor Accident Claims Tribunal (MACT) in Thane has awarded 24.05 lakh compensation to the family of a tanker driver who died in a road accident in 2010. The insurance company's claim that the petition was time-barred was dismissed.
For every 100 rupees, households invested Rs 45.2 in mutual funds and equities in 2024-2025.
Loan against fixed deposit is cheaper and comes with fewer charges.
Indian equities trading activity saw a moderation in FY26, with cash market turnover declining and derivatives growth remaining subdued due to regulatory tightening and weak market performance. Further impacts are expected from new RBI norms and a hike in Securities Transaction Tax (STT).
'Money is not just about greed or accumulation. It gives you freedom, dignity and choice. And you have every right to all three.'
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
The Reserve Bank of India (RBI) has unveiled draft norms for branch authorisation and business correspondents (BCs), introducing a two-tiered classification for BCs and redefining 'banking outlets' to include BC-Banking Outlets (BC-BOs), aiming to expand formal banking presence, particularly in rural areas.
At present, the rates on term deposits are as high as 10 per cent for some maturities. For instance, Karur Vyasa Bank and Federal Bank are offering 10 and 9.6 per cent for one-year term deposits.
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
The Enforcement Directorate has attached assets worth over 441 crore in connection with the Andhra Pradesh liquor scam, which allegedly occurred during the previous YSRCP government's tenure.
With Income Tax Act 2025 in force, your tax choice can quietly cost you big money if you're not paying attention. Ramalingam Kalirajan explains how
