axis bank fixed deposits

The Reserve Bank of India is introducing new rules for bank deposit interest rates. Banks must now publish their interest rate schedules online each morning and stick to them throughout the day. This ensures customers know the exact rates available. Additionally, banks can now consider withdrawal risk when setting rates for large deposits, adding a fourth factor to pricing.

HDFC Bank is halting its agents from collecting fixed deposits and CASA funds from government entities starting July 1. This move, which the bank attributes to its expanding branch network, comes amid scrutiny over incentives paid for government fund mobilization. The bank aims to streamline its operations and governance framework.

Bank deposit rates are poised for an increase as certificate of deposit (CD) rates surged in May due to tighter liquidity and higher demand for funds. One-year CD rates jumped to 7.70%, signaling that banks are facing pressure to attract deposits, which could soon translate to higher retail rates.

One, reduce or scrap tax on foreign capital, to get it out of flight mode. That will shore up rupee also. Two, end tax disparity between bank deposits and capital gains, to lower lending rates

Odisha Vigilance is probing Assistant Executive Engineer Baikuntha Nath Behera for disproportionate assets after raids uncovered crores in cash, gold, and properties. Searches across multiple locations revealed over ₹2 crore in cash, significant gold, fixed deposits, and numerous high-value plots and buildings, with investigations ongoing.

Before the war began, bond markets globally were still hopeful of rate cuts by central banks. The length of the disruption has forced a rethink among investors and fund managers alike

In 2013, the FCNR (B) scheme mobilised a critical $26 billion. The rupee’s fall was arrested, and the currency clawed its way back. Should India walk on the same path again?

Firm mobilised hundreds of crores, lacked SEBI and RBI nod: Police

India has appointed economist Neelkanth Mishra as its new Executive Director at the World Bank. He will represent India, Bangladesh, Bhutan, and Sri Lanka. Mishra's expertise in finance and policy will shape global development discussions. This appointment highlights the growing role of Indian professionals in international institutions. His tenure begins soon, succeeding Parameswaran Iyer.

Equity markets saw gains evaporate on Wednesday, with the Sensex inching up and the Nifty closing lower. Renewed US-Iran tensions rattled investor sentiment, leading to a sell-off in late trade. Geopolitical concerns overshadowed positive domestic factors, while global markets also faced pressure. Banking stocks provided some support to the Sensex.

Every crisis reminds us that markets can swing like a pendulum between greed and fear. Fixed income offers comfort in those phases and does its job as a stabiliser.

Retirees can also choose structured, market-linked payouts to better manage longevity risk

A district consumer commission has ordered the Central Bank of India to pay ₹2.5 lakh compensation for losing a crucial land title document deposited as security for a loan. The bank's negligence prevented the property owner from fully exercising her rights, impacting her ability to secure further loans and realize the property's full value.

The Reserve Bank of India has unveiled a multi-pronged strategy to bolster the rupee and manage external economic pressures. Key measures include expanding access to long-term government bonds, easing foreign investment in equities, and offering concessional forex swaps. These initiatives aim to attract foreign capital, enhance market depth, and improve foreign exchange liquidity, while export realization timelines have been tightened.

Pakistan's foreign exchange reserves are nearing the $18 billion target, yet a widening trade deficit and upcoming debt payments raise economic stability concerns. Analysts warn the reserve build-up masks deeper vulnerabilities, with the rupee facing depreciation pressure. A soaring trade gap and potential decline in remittances could challenge the nation's financial outlook.

Applicable in 4 states, the Model Tenancy Act, 2021, provides a safety net that empowers tenants while outlining landlords' responsibilities. No longer can tenants be evicted without cause, and security deposits now adhere to strict limits. Essential amenities must be upheld, and every rental agreement must be formalised with documented receipts.

Prime Minister Narendra Modi met with the Economic Advisory Council to discuss strengthening India's economic growth amidst global uncertainty. The Reserve Bank of India kept the repo rate unchanged at 5.25%, citing geopolitical tensions and inflation concerns, while revising GDP growth and inflation projections downwards and upwards respectively for FY2026-27.