Page 19 - Term Deposit News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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New norm to calculate interest on overdue term deposits IANS 05 July 2021 The Reserve Bank of India (RBI) has amended the norms as per which unclaimed maturity proceeds of term deposits (TDs) with banks will attract the rate of interest as applicable to savings accounts or the contracted rate of interest on the matured TD, whichever is lower.   As per the current rules, if a term deposit matures and proceeds are unpaid, the amount left unclaimed with the bank shall attract rate of interest as applicable to savings deposits.   "On a review of these instructions, it has been decided that if a...

RBI New FD Rules: Here's why you should claim your money soon after the maturity of your fixed deposit RBI new rules for Fixed Deposits says that if a customer has not claimed FD even after maturity, then they will have to bear the loss. Share Updated: Jul 4, 2021, 12:36 PM IST The Reserve Bank of India (RBI) has changed the rules for Fixed Deposits/ Term Deposits. As per the new rule, the customer will have to bear the loss in terms of interest in savings if he/she has not claimed FD even after maturity. RBI stated that customers can still earn interest after Term Deposit (TD) matures and p...

This edition of the Update covers: 1. Recent legal and regulatory developments, including the release of ASIC's immunity policy for market misconduct offences, a FATF...

The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market for the week commencing 17.5.21