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fixed deposit

  1. T

    Understanding sweep in deposits

    Ok, so I have been Googling quite a bit, and everyone says "If you need money that's not in savings account but in FD, the FD gets broken and deposited into savings" .. ok fine, but when does the reverse happen? Let's start with my ICICI account. I use it for all UPI transactions etc. It has...
  2. tuhin

    Fixed deposit matured but bank is not paying me interest

    Hi, Recently my FD matured in Bandhan Bank but the Bank is not paying me interest. They closed my FD & paid me back the principal amount but interest has been pending from their side for the last few days. Today I raised a complaint against it. My question is here if I raise a complain the...
  3. theda

    Kotak Activmoney, what's the catch here

    The Kotak Activmoney features without premature withdrawal penalty seem really good but there is a catch here. It says to give 7% interest but the final interest is calculated based on number of days the FD was kept. For example if you keep the FD for 180 days you will get 7% interest but if...
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