Atsuko Fukase formerly wrote about banking and M&A deals from The Wall Street Journal's Tokyo bureau.

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Online-only banks offer advantages like competitive interest rates, but consumers may miss brick-and-mortar services.

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In a move that brings cheer to fixed-income investors, the State Bank of India (SBI) has reintroduced its popular fixed deposit (FD) scheme, ‘Amrit Vrishti’, offering interest rates of up to 7.65%.

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