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<ul class="summary-list"><li><keyword id="6355882" type="UNKNOWN" weightage="60" keywordseo="israel">Israel</keyword>'s <keyword id="1457178" type="ORGANIZATION" weightage="60" keywordseo="Iron-Dome">Iron Dome</keyword> repelled thousands of rockets and even <keyword id="94769" type="PERSON" weightage="60" keywordseo="drones">drones</keyword> during recent fighting.</li><li>The air-defense system also accidentally shot down an Israeli military drone.</li><li>The Israel Defense Forces told Israeli media the friendly-fire incident is under investigation.</li></ul>Israel's Iron Dome accidentally shot down an Israeli military drone during recent fighting with Hamas in the <keyword id="39746" type="CITY" weightage="60" keywordseo="Gaza">Gaza</keyword> Strip, the Israel Defense Forces told local media."As part of the round of fighting in Gaza and as part of the defense of the country's skies, an IDF Skylark drone was hit by Iron Dome," <a href="https://www.haaretz.com/israel-news/.premium-iron-dome-shot-down-an-israeli-drone-during-gaza-war-by-mistake-1.9841599">an IDF spokesperson told Haaretz</a>, adding that the incident is under investigation.Skylark drones are small unmanned aerial vehicles built by Elbit Systems, an Israel-based <keyword id="6356001" type="UNKNOWN" weightage="60" keywordseo="international">international</keyword> defense firm, and used by the IDF Artillery Corps' "Sky Rider" unit for intelligence, surveillance, and reconnaissance missions.<a href="https://www.haaretz.com/israel-news/.premium-iron-dome-shot-down-an-israeli-drone-during-gaza-war-by-mistake-1.9841599">Haaretz reported</a> that the IDF is "worried" about the friendly-fire incident because it calls into question whether the IDF is able "to conduct a long period of fighting without harming its own forces." It is unclear to what extent this is a concern.During a recent 11-day conflict involving an intense exchange of fire between the IDF and Palestinian militants in Gaza, Israel's Iron Dome faced thousands of rockets, as well as enemy drones, the latter being a first for the system.<div type="image" title="iron dome israel gaza palestine rockets" height="1333" width="2000" msid="82959223" hostid="261"></div>Israel's Iron Dome is a short-range air-defense system designed to intercept rockets, artillery, and mortars. The system has been in use since 2011 and is in place to reduce casualties from rocket attacks against Israeli cities.The system was designed and developed by the Israeli defense companies Rafael Advanced Defense Systems and Israel Aerospace Industries with US support. It is a part of a larger tiered defense system that includes other critical assets like the Arrow and Patriot batteries.The Israeli Ministry of Defense announced in March the completion of upgrades to Iron Dome that would allow it to defend against a much more varied collection of aerial threats that Israel might battle in future conflicts.During the upgrade process, the defense system was tested against a variety of threats that include rockets, missiles, and unmanned aerial vehicles, <a href="https://apnews.com/article/israel-gaza-strip-middle-east-08ab5cba58221eb84848f13f8195bc76">the Associated Press previously reported</a>. Iron Dome had not yet engaged a drone in combat though.<div type="image" title="A rocket launched from Gaza city controlled by the Palestinian Hamas movement, is intercepted by Israel's Iron Dome aerial defence system, on May 11, 2021" height="683" width="1024" msid="82959226" hostid="261"></div>The recent fighting began on May 10 as Hamas began launching Qassem rockets at Israeli cities after a period of heightened tensions and local clashes. During the conflict, the IDF repeatedly praised Iron Dome for its effectiveness.The system is said to have intercepted 90% of incoming rockets, significantly reducing Israeli losses. Thirteen people, including two children, died in Israel from rockets that made it through. Palestinian deaths, as Israel retaliated with airstrikes, were much higher.The Times of Israel, <a href="https://www.timesofisrael.com/israeli-drone-was-intercepted-by-iron-dome-during-gaza-fighting-idf/">which also reported the accidental downing of an Israeli drone</a>, said that the Israeli military conducted around 1,500 airstrikes in Gaza during the conflict. According to the Health Ministry in Gaza, at least 243 Palestinians were killed, including several dozen children, with roughly 2,000 wounded. The deceased included both combatants and civilians.The horrific conflict, some of the worst fighting in years, concluded last Friday with a ceasefire agreement.

The Israeli military says Iron Dome shot down one of its own drones during intense fighting

<ul><li>The <keyword id="6354335" type="ORGANIZATION" weightage="20" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword> (RBI) on July 5 has amended rules for overdue fixed deposits (FD) wherein if a depositor does not claim the proceeds after maturity, the bank will charge the lower interest rates applicable from savings rate or contracted interest.</li><li>RBI classifies a deposit as unclaimed when the depositor doesn’t make any transaction in the account for 10 years or more. </li><li>Reportedly, unclaimed deposits with banks have been growing every year. </li></ul>It commonly happens that people do not share basic financial information with their close ones or family members. At times, because of an unfortunate event of a death, the family members are unaware of the financial details of the deceased person. Besides, some of us fail to keep track of multiple bank accounts and fixed deposits (FD) in different banks as we move cities and jobs. Such proceeds, which are not claimed by the depositor, are kept in Depositors Education and Awareness Fund (DEAF), formed by the Reserve Bank of India (RBI) in 2014. Deposits from all banks which are inoperative for at least 10 years are transferred into this large pool of unclaimed money. Currently, there is a large amount of money lying unclaimed in such accounts. As of now, more than Rs 82,000 crore of investor wealth is lying unclaimed in forgotten and lost investments, as per <a href="https://economictimes.indiatimes.com/wealth/invest/rs-82000-cr-lying-in-unclaimed-bank-a/cs-life-insurance-mutual-funds-pf-how-to-get-your-money-back/articleshow/84089095.cms?from=mdr">ET Wealth estimates</a>. Do interest rates continue on the unclaimed proceeds? Yes, these unclaimed funds will continue to earn interest rates specified by the RBI, and not the rate at which the deposit was made, which are called contracted rates. The RBI has now tweaked rules for interest rates on unclaimed fixed deposits (FD), wherein if depositors forget to claim the proceeds after maturity, the amount left unclaimed will attract interest rate applicable to savings account or contracted rate whichever is lower. Earlier, the interest rates on unclaimed amounts attracted the rate of interest as applicable to savings deposits. This does not make a major difference as interest rates on savings accounts have been decreasing, which means it will always be lower than the contracted rate. RBI classifies a deposit as unclaimed when a depositor doesn’t make any transaction in the account for 10 years or more. The amendment comes when unclaimed deposits with banks have been reportedly growing every year. What should you do to avoid missing such a maturity date? Note down the maturity date of your <keyword id="6568461" type="UNKNOWN" weightage="20" keywordseo="fds">FDs</keyword> and share these details with your family. Do not forget to mention nominee details. If your home address happens to change, update your banks about the same. It is convenient to collect all proceeds if you have a savings account with all banks you have FDs with. However, if not, remember to opt for an auto renewal option so that your FD is renewed for more years with the prevailing FD rate. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/aamir-khan-backed-furniture-rental-startup-furlenco-raises-1000-crore/articleshow/84132797.cms">Furlenco raised $140 million in a Series D funding round led by Zinnia Global Fund (businessinsider.in)</a> <a href="https://www.businessinsider.in/business/startups/news/zomato-investor-info-edge-has-invested-in-a-drone-startup-skylark/articleshow/84144201.cms">Zomato investor Info Edge has invested in a drone startup Skylark (businessinsider.in)</a>

What happens if you forget to claim your fixed deposit proceeds after maturity? Explained

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The Israeli military says Iron Dome shot down one of its own drones during intense fighting

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What happens if you forget to claim your fixed deposit proceeds after maturity? Explained

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