Term Deposit

RECENT NEWS
The Hindu Business Line  Nov 17  Comment 
This fiscal, you can deposit ₹1.5 lakh in a bank term deposit and get income-tax benefits on it. This follows the Finance Ministry notifying a higher limit under bank term deposits for drawing inc...
Yahoo  Oct 28  Comment 
The Federal Reserve awarded $219.114 billion of seven-day term deposits to banks, a record amount, at a test auction held on Monday, it said in a statement on Tuesday. This compared with the $171.86 billion in deposits awarded a week earlier to 66...
Yahoo  Oct 21  Comment 
The Federal Reserve awarded a record amount of seven-day term deposits to banks at a test auction held on Monday, it said in a statement on Tuesday. This compared with the $110.03 billion in deposits awarded a week earlier to 67 banks which...
The Times of India  Sep 17  Comment 
The country's largest lender State Bank of India (SBI) has brought down its peak interest rate on domestic term deposits between one and three years to 8.75% from 9% earlier.
The Hindu Business Line  Jul 16  Comment 
Lakshmi Vilas Bank has revised the term deposit rate for a time period of one year and above with effect from July 18. The bank is at present offering 9.5 per cent for deposits with tenur...
The Hindu Business Line  Jul 2  Comment 
With a view to bringing down the cost of deposits, Vijaya Bank, the Bangalore-headquartered public sector bank, has reduced interest rates on its domestic term deposits. The reduction of...
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...




 

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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