Term Deposit

RECENT NEWS
The Times of India  Nov 23  Comment 
Public sector Indian Overseas Bank has revised its interest rates upwards to 9.50 per cent under NRE Term deposits of 3 years and above with immediate effect.     
The Hindu Business Line  Nov 4  Comment 
State-owned Allahabad Bank has, from Monday, decided to hike term deposit rates. Hikes have been in the range of 0.25 percentage point to 1.2 percentage points, for deposits below Rs 1 c...
The Hindu Business Line  Aug 26  Comment 
Lakshmi Vilas Bank has revised its domestic term deposit rates (of maturities less than one year) upwards with immediate effect. The bank has also hiked the base rate by 25 basis points t...
The Hindu Business Line  Jul 31  Comment 
Private sector lender YES Bank today hiked its deposit rates by 0.25 per cent to 0.5 per cent in select tenures. The base rate of the bank was revised upwards by 0.25 per cent to 10.75 pe...
The Hindu Business Line  Jul 15  Comment 
Oriental Bank of Commerce has slashed the interest rates on term deposits of Rs 5 crore and above on select maturities by 0.25 per cent.The bank has slashed the interest rates on maturities...
The Hindu Business Line  Jun 10  Comment 
Oriental Bank of Commerce (OBC) has reduced the interest rates on certain domestic term deposits. Interest rates have been cut by 25 basis points on domestic term deposits (including NRO...
The Hindu Business Line  May 10  Comment 
IDBI Bank has reduced its retail term deposit rates (deposits up to an amount less than Rs 1 crore) in two short-term maturity buckets. The bank’s retail deposit rates in two short-...
Sydney Morning Herald  May 8  Comment 
So you’re a self-funded retiree cursing the Reserve Bank for cutting interest rates. Don’t. If the RBA has forced you to realise your term deposits are duds, the mandarins have done you a favour.     
The Hindu Business Line  Feb 1  Comment 
Oriental Bank of Commerce (OBC) has increased the interest rates on term deposits of less than Rs 1 crore. The hike has been effected across different maturity buckets of less than 1 year...
The Hindu Business Line  Feb 1  Comment 
Mondo Visione  Jan 9  Comment 
On Monday, January 14, 2013, the Federal Reserve will offer $3 billion in 28-day term deposits through its Term Deposit Facility. As noted in the Federal Reserve Board's September 8, 2010 release, this offering is part of ongoing small-value...




 

A deposit held at a financial institution that has a fixed term. These are generally short-term with maturities ranging anywhere from a month to a few years. When a term deposit is purchased, the lender (the customer) understands that the money can only be withdrawn after the term has ended or by giving a predetermined number of days notice.

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