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  2. Fixed deposit - Wikipedia

    en.wikipedia.org/wiki/Fixed_deposit

    To compensate for the low liquidity, FDs offer higher rates of interest than saving accounts. [citation needed] The longest permissible term for FDs is 10 years. Generally, the longer the term of deposit, the higher is the rate of interest but a bank may offer a lower rate of interest for a longer period if it expects interest rates, at which ...

  3. Flexi Fixed Deposits - Wikipedia

    en.wikipedia.org/wiki/Flexi_Fixed_Deposits

    A Flexi-Fixed deposit has two features that effectively combine the benefits of savings and current accounts and fixed deposits: The "Auto-sweep feature (sweep-in)": The balance in excess of a stipulated amount is automatically transferred to a fixed deposit (FD) account for a default term of one year.

  4. State Bank of India - Wikipedia

    en.wikipedia.org/wiki/State_Bank_of_India

    State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]

  5. Deposit account - Wikipedia

    en.wikipedia.org/wiki/Deposit_account

    A deposit account that allows for the withdrawal of funds without penalty but requires a higher minimum balance to earn interest. [1] 6 Sweep account: A deposit account in which amounts over a certain balance are automatically transferred to another account pursuant to a pre-determined set of arrangements. 7 Automatic transfer service account

  6. Direct debit - Wikipedia

    en.wikipedia.org/wiki/Direct_debit

    A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. [1] Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay those funds into a bank account designated by the ...

  7. Worried about outliving your savings? 5 retirement withdrawal ...

    www.aol.com/finance/maximizing-returns-from...

    There's no one-size-fits-all withdrawal order, but a general rule of thumb is to start with your required minimum distributions (RMDs) if you’re 73 or older — simply because they’re mandatory.

  8. YONO - Wikipedia

    en.wikipedia.org/wiki/YONO

    The smartphone app can be used to make ATM withdrawals without using any ATM card through "Yono Cash" feature. [5] As of October 2021, the app had emerged as the largest digital lender in India generating an average of Rs 1500-2000 crores loans per month. [ 3 ]

  9. Banking Regulation Act, 1949 - Wikipedia

    en.wikipedia.org/wiki/Banking_Regulation_Act,_1949

    The Banking Regulation Act, 1949 is a legislation in India that regulates all banking companies in India. [1] Passed as the Banking Companies Act 1949, it came into force on 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966.