Bank fixed deposits are considered to be the safest investment instruments in terms of the guaranteed returns that they offer. Returns on fixed deposits are secure because FD interest rates do not change according to volatile market environment.
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Suspected intervention by the Reserve Bank of India and weakness in the dollar overseas led to a rebound in the currency, say analysts. The Finance Ministry said the government and the central bank "will do everything" to ensure that rupee does not slide to "unreasonable levels". However, the rupee is still down more than 13 per cent against the US...
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SBI or State Bank of India provides free-of-cost upgrade of debit card to its customers. The upgrade of existing debit card to an EMV chip-and-PIN debit card offers enhanced security, the country's largest bank SBI said on microblogging site Twitter.
Premature withdrawal from fixed deposits basically means that the depositor is allowed to close the FD before its term ends.
The government has asked the central bank to bolster efforts to support the rupee, Asia's worst-performing currency of the past month, people familiar with the matter said.
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