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post office scheme

05 Oct 2021

Post Office Scheme: Get Rs 3,300 pension by just depositing Rs 50,000

The current Post Office MIS interest rate is 6.6 percent per year, compounded monthly. A single account holder can invest up to Rs 4.5 lakh. A joint account holder can invest up to Rs 9 lakh.

13 Jan 2017

Take a look – HiRESE captures stunning photo of well-preserved impact ejecta on Mars

As per NASA, the image of the crater in Terra Sabaea is illustrative of the complexity of ejecta deposits forming as a by-product of the impact process that shapes much of the surface of Mars.

26 Nov 2016

Post demonetisation Jan Dhan deposits soar sharply by over Rs 27,000 crore

Post demonetisation move by the government, deposits in Jan Dhan accounts have soared sharply by around Rs 27,200 crore in just 14 days.

21 Nov 2016

Rs 1.03 trillion withdrawn from bank accounts since November 10: RBI

People have withdrawn Rs 1.03 lakh crore of cash over the counter and ATMs between November 10 and 18, the Reserve Bank of India said in a statement issued on Monday.

09 Nov 2016

Govt to keep tabs on deposits over Rs 2.5 lakh, to attract tax plus 200% fine on income mismatch

Any mismatch with income declared by the account holder will be treated as a case of tax evasion and thus attract tax plus a penalty of 200 percent, the government said.

04 Aug 2016

RBI launches portal to curb illegal money pooling by firms

To curb illegal and unauthorised pooling of funds by unscrupulous firms, Reserve Bank on Thursday launched a website, which will help people obtain information about entities allowed to collect deposits.

04 Mar 2016

Bank credit grows 11.62%, deposits at 11.02%

Bank credit growth continued to remain in double-digits clipping at 11.62 percent year-on-year to Rs 71,72,740 crore for the fortnight ending February 19, according to the Reserve Bank data

Pradhan Mantri Jan Dhan Yojana

12 Aug 2015

Deposits worth about Rs 21K crore mobilised under PMJDY

Banks have mobilised deposits worth close to Rs 21,000 crore from the accounts opened under the Pradhan Mantri Jan Dhan Yojana, the Finance Ministry said Wednesday.

India Government

08 Jun 2015

India to tighten screws on banks' ''window dressing'' of accounts

India`s government is set to overhaul annual targets for public sector lenders this month, ending a focus on size that has long encouraged banks to inflate their loans and deposits at the year-end to hit growth objectives.

10 May 2015

Led by SBI group, PSBs dominate credits, deposits space

State-owned lenders remain dominant players in India's banking system with SBI group alone accounting for about a quarter of the market share both in the credits as well as the deposits arena.

20 Feb 2015

Bandhan to focus on deposits in the initial years

Bandhan Financial Services, a micro finance institution (MFI), will initially focus on taking deposits after transforming itself into Bandhan Bank.

04 Feb 2015

High value FDs to earn higher rate; norms to be issued soon: RBI

Unbreakable high value fixed deposits will soon earn higher rate of interest with the Reserve Bank of India allowing banks to offer differential rates.

Reserve Bank of India

10 Nov 2014

RBI tightens rules for "shadow banks"

The Reserve Bank of India (RBI) has tightened rules for so-called "shadow banks", raising minimum capital requirements and restricting deposits with a set of changes that it hopes will protect consumers and the market without stifling growth.

25 Aug 2014

RBI to redefine deposits as ponzi scams mount

In the wake of unearthing of multiple unauthorised deposit raising schemes and scams such as Saradha and PACL, RBI Deputy Governor R Gandhi on Monday said the Reserve Bank is working with the government on redefining as to what constitutes a deposit.

08 Jul 2014

Over Rs 5,000 cr lying unclaimed with banks

Banks had Rs 5,124 crore in unclaimed deposits lying with them as of December 31, 2013, Parliament was informed Tuesday.

03 Jul 2014

Indian Bank revises interest rates on FCNR (B) deposits

State-run Indian Bank has revised the interest rates on foreign currency non-resident (banking) deposits with immediate effect.

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