Investing in bank fixed deposit schemes is extremely safe, and is also a way of gaining a fixed income on the investment made.Presently a few different types of fixed deposit schemes are available, like term or recurring fixed deposit, and tax saving fixed deposit schemes.
The absence of insurance coverage for company fixed deposits is likely to impact the plan of companies to raise deposits from the public.Harish K Vaid, senior president (corporate affairs) and company secretary, Jaiprakash Associates, says, "As of now not a single insurance company is offering the product.
If you are a conservative investor who relies on bank fixed deposits for regular income, it is better to lock-in money in FDs now, as the rates will fall further.If you are a conservative investor who relies on bank fixed deposits for regular income, it is better to lock-in money in FDs now, as the rates will fall further.
86 lakh accounts totaling to Rs 2,000 crore.Between November 10-December 23, the total deposits in Jan Dhan accounts reported is Rs 41,523 crore in 48 lakh accounts.
The Reserve Bank is believed to have received deposits close to Rs 15 lakh crore, of estimated Rs 15.4 lakh crore worth junked Rs 500/1,000 currency notes that were in circulation, from the 50-day demonetisation exercise that ended on December 30.
The Reserve Bank of India today issued a statement over several media reports claiming that the banks received 97 per cent banned notes since the note ban announcement.The Central Bank said,"There had been various estimates on Specified Bank Notes (SBNs) tendered in certain sections.
2 per cent compared to the previous month.Among outstanding NRI deposits, outstanding Foreign Currency Non-Resident (Banks) (FCNR(B))deposits fell the sharpest by 29.