0
No.
While opening the deposit, the bank would give us a certificate which would contain the details of the date of maturity, the rate of interest and maturity value.
The bank is entitled to pay us the exact amount mentioned in the certificate even if the prevailing rate of interest is different.
What else can I help you with?
Can a bank in India change the rate of interest during the currency of a term deposit with them?
No. The rate of interest on a term deposit (Fixed Deposit) cannot be changed during the duration of the deposit. For Ex: you deposit Rs. 10000/- on Jan 1st 2011 with a bank in India at 8% rate of interest for a period of 1 year. Even if the deposit rates change to let's say 7.5% a few weeks after that, the bank has to honor the commitment it has given to you at the time of opening the term deposit and it cannot change the rate of interest.
What is the term used to describe the dollar amount of a periodic interest changed by financial institutions on credit accounts?
periodic rate
What is the relationship between short term and long term interest rate?
A short term interest rate occurs over a short period of time. A long term interest rate occurs over a long period of time.
How do you take out a simple interest loan on a car at 14289 The interest rate is 3.5 percent for 5 years How many will you pay in interest during the term of the loan?
2,500.58 (A+)
What is key policy rate?
The short term interest rate
What are the precautions of short and long term interest rates?
The precaution of short term interest rate is that the rate tends to be higher due to its term. Long term interest rate, on the other hand, tends to be lower, but since it will take a long time to pay off debt, in the long run, the accumulated interest rate becomes much more.
Matt wants to take out a simple interest loan on a car priced at 14289 The interest rate is 3.5 percent for 5 years How much will he pay in interest during the term of the loan?
2500.58 (A+)
What is the term for a loan in which the interest rate does not change during the entire term of the loan?
Get reliable term loan for business in the USA with Black Stone Funding. Secure financing solutions tailored to your needs. Apply now!
Are short-term bond prices are more sensitive to interest rate changes than are long-term bond prices?
No, longer term bonds are more sensitive to interest rate changes.
Where can I find the best short term interest rate in Kentucky?
i think the btter one is CD Interest Rate Surprises.
What is the definition of fixed interest rates?
An interest rate that remains constant throughout the agreed term. If changes in the goverment base rate occur where commercial rates rise or fall you wont be affected.
What is the definition of the term interest rate derivatives?
A derivative has as a security the ability to pay or receive an amount at a given interest rate. Interest rate derivatives are the most popular and include rate swaps and forex swaps.
