Term Deposit

RECENT NEWS
The Hindu Business Line  Aug 23  Comment 
Leading NBFC Mahindra Finance has revised the interest rates on its term deposits with effect from today. The interest rate for deposits up to 12 mon
The Hindu Business Line  Jul 31  Comment 
State Bank of India has revised interest rates on domestic term deposits (below Rs 1 crore) by 5-10 basis points in four maturity slabs of one year an
The Times of India  Feb 8  Comment 
City based Corporation Bank has launched two new term deposit schemes, namely super gain plus and power plus effective February 5 which offer higher rate of interest to depositors.
The Hindu Business Line  Jan 22  Comment 
Vijaya Bank has cut its term deposit interest rates for different maturity periods. The reduction ranges from 0.1 per cent to 0.25 per cent and will come into effect from Friday (January 23), the...
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...




 

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 When a term deposit is purchased, the lender (the customer) understands that the money can only be withdrawn after the term has ended or by giving a predetermined number of days notice.

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