India Finance Research Brief: Fixed and recurring deposits: rates, insurance cover and tax

Official updates to review

• SEBI: [Completion of Recovery Certificate No. 6665 of 2023 dated June 13, 2023 issued to Shubhang Exports Ltd. [Defaulter] (PAN: AAJCS1526R) in the matter of Sulabh Engineers & Services Limited.](https://www.sebi.gov.in/enforcement/recovery-proceedings/oct-2026/completion-of-recovery-certificate-no-6665-of-2023-dated-june-13-2023-issued-to-shubhang-exports-ltd-defaulter-pan-aajcs1526r-in-the-matter-of-sulabh-engineers-and-services-limited-_105335.html) — 19 Oct, 2026 +0530
• SEBI: Notice of Demand dated October 16, 2026 under Recovery Certificate No 9305 of 2026 issued against Amesh Surajlal Jaiswal (AFZPJ0067Q), Arvind Shukla (ISZPS7481G) and Jalaj Agrawal (AUDPA0226H) Jointly and severally in the matter of Akash Infra Projects Limited — 16 Oct, 2026 +0530
• SEBI: Appeal No. 7107 of 2026 filed by Deepali Singhal — 16 Oct, 2026 +0530
• RBI: Result of the Overnight Variable Rate Repo (VRR) auction held on October 21, 2026 — Wed, 21 Oct 2026 10:25:00
• RBI: Money Market Operations as on October 19, 2026 — Wed, 21 Oct 2026 09:00:00
• RBI: RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on October 21, 2026 — Mon, 19 Oct 2026 19:05:00

Findost links to primary sources so readers can verify the underlying announcement before forming a view.

Educational explainer: Fixed and recurring deposits: rates, insurance cover and tax

Bank FD and RD rates are set by each bank and can change at any time; the rate is fixed for the deposit at the time you book it.

What to check:

• DICGC insures deposits in an insured bank up to a per-depositor, per-bank limit; read the current limit and coverage on the DICGC site.
• Interest is taxable as income in the year it accrues, and banks may deduct TDS.
• Premature withdrawal usually carries a penalty on the interest rate.

Use the Findost tools

• Explore Findost calculators for practical scenario planning.
• Read Findost insights for related educational guides.

Sources and scope

• RBI — for the common person
• DICGC deposit insurance
• SEBI RSS feed
• RBI press-release RSS feed
• Google Trends India

Optional Search Console, Reddit and X inputs are used privately for editorial topic selection. Their raw queries, posts, accounts and identifiers are never published. This brief is not personalised investment, tax, or legal advice, and it does not recommend securities or products. Verify source updates and consult a qualified professional before acting.