0
Fixed deposits come in various types to cater to diverse financial needs:
Regular Fixed Deposits: Standard fixed-term deposits with a predetermined interest rate.
Senior Citizen Fixed Deposits: Tailored for elderly individuals, offering higher interest rates.
Tax-Saving Fixed Deposits: Provide tax benefits under Section 80C of the Income Tax Act.
Cumulative Fixed Deposits: Interest is compounded and paid along with the principal at maturity.
Non-Cumulative Fixed Deposits: Interest is paid at regular intervals, providing a steady income stream.
Special Fixed Deposits: Customized options with unique terms and conditions, often offered by specific banks.
Each type serves specific financial objectives, allowing investors to choose based on their preferences and requirements.
Shriram Finance offering flexible tenures and returns of up to 9.20%* p.a. (Including 0.50%* p.a. for Senior Citizens and 0.10%* p.a. for Women)
Sneha Murali
Wiki User
∙ 9y agoRecurring deposits, fixed deposit, saving deposit
Add your answer:
Earn +20 pts
Are Fixed Deposits Bought?
No FD's are not bought. They are types of deposit account which are opened in banks for a fixed period....
What is the difference between cetificate Deposits and Time Deposits?
They both refer to the exact same thing. It is just two different terms by which we are referring to this deposit product. In this, a customer deposits a lump-sum amount with the bank for a fixed amount of time at a fixed rate of interest. In return, the bank gives a certificate to the customer which he/she can surrender after the stated time in return for the invested amount + interest. They are called Time Deposits, Certificate of Deposit, Fixed Deposits etc.
Characteristics of fixed deposits?
zukisani75
What is the nature of returnable deposit?
A Returnable Deposit is one in which a bank accepts a deposit from a customer and returns it to the customer when he/she wants to take it back. Some of the types are: a. Savings Account Deposits b. Checking Account Deposits c. Fixed Deposits d. Recurring Deposits e. etc.
Is fixed deposit an investment?
Yes. Any action where our money earns us some more money is an investment. In case of fixed deposits, banks pay us a fixed rate of interest on our deposits which is an income that our money is earning for us. So, definitely it is an investment.
What are the different types of fixings?
Recurring deposits, fixed deposit, saving deposit
What are different types of bank accounts?
In India: Savings Account Current Account Fixed Deposits account Recurring Deposits account DEMAT Account etc.
What are the types of deposits available in Dubai?
Deposits in Dubai are almost similar to what you can avail in countries across Asia. Fixed deposits, call deposits, recurring deposits and flexible deposits are some of the common types of deposits available in Dubai.
Are Fixed Deposits Bought?
No FD's are not bought. They are types of deposit account which are opened in banks for a fixed period....
What are the various types of deposits in a private and nationalized bank?
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
Types of deposits?
The four types of deposits are: Recurring, Fixed, Savings and Current Savings. Deposits refer to the summary or total of the money kept or place in a bank account.
What are the various types of bank accounts?
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
What is a fixed return?
Fixed return means - The returns on our investment are fixed and will not fluctuate. For example, the returns on bank time deposits (fixed deposits) are fixed and will not fluctuate.
Is ATM facility available in current account?
Yes. ATM facilities are available for all types of checking/current and savings accounts. It will not be available for fixed deposits and recurring deposits.
What are the different types of inductors?
there are two types of inductor fixed and variable
Who are the targeted customer for fixed deposit in India?
WHO ARE THE MAJOR TARGET MARKET FOR FIXED DEPOSITS WHO ARE THE MAJOR TARGET MARKET FOR FIXED DEPOSITS Identify the major target market of fixed deposit
What is the difference between cetificate Deposits and Time Deposits?
They both refer to the exact same thing. It is just two different terms by which we are referring to this deposit product. In this, a customer deposits a lump-sum amount with the bank for a fixed amount of time at a fixed rate of interest. In return, the bank gives a certificate to the customer which he/she can surrender after the stated time in return for the invested amount + interest. They are called Time Deposits, Certificate of Deposit, Fixed Deposits etc.
