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What is the procedure to open a recurring deposit account?
Every financial institution has different policies for their accounts. Most often to open up a reoccurring deposit account, you would open a regular savings or checking and fill out a reoccurring transfer or direct deposit form to start the deposits.
How can you open a recurring bank account?
A Recurring Deposit account is one in which the customer deposits a small sum of money (usually a few hundred or thousands) every month. The bank accepts a deposit every month and at the end of the deposit period (usually 12 months or higher) the bank would return the money deposited with them along with a good interest. You can open a RD account by visiting any bank and filling up the form that is used for opening an RD and pay the first months money to the bank teller.
Can I get a direct deposit even if my account got closed?
no you have to have an open account
How do you open a bank account to deposit a account payee cheque?
by opening a/c only can deposit n withdraw money
What is the minimum deposit to open a savings account with SunTrust?
The minimum deposit required in order to open a savings account with Sun Trust in one hundred dollars and with this you can start your own savings account with Sun Trust.
How do you open a checking account?
You go to your bank of choice and tell them that you want to open a checking account. You'll need a deposit. Banks vary on the amount of a deposit needed to open an account. Banks offer different kinds of checking accounts too.
What are thebasic requirements for a fixed deposit account?
The basic requirements for opening a fixed deposit account are: a. Amount to deposit b. Existing relation with bank (You need to hold some sort of account with the bank. Else, you will be asked to open one) c. Source/Proof of legal income If you have these, any bank will be willing to open an fixed deposit account for you.
Where can one find a cheap deposit account?
Someone can find a cheap deposit account at a local bank that does not charge you very much to open a deposit account with them, or just spending no money and keeping your money yourself.
How Does Recurring Deposit Account Works?
A normal fixed deposit means that you put in an amount and, after a specific period of time, you can withdraw it. Meanwhile, you do not touch the money or add to it. A recurring deposit works on a similar principle. The difference is, instead of putting in a bulk amount, you put in a specified amount (which you decide when you open your recurring account) every month. This could be a small amount that will not pinch your pocket or hinder your lifestyle. At the end of the tenure, you get a nice amount. Starting amount: Rs 1,000. Tenure of deposit: 3 years (36 months). Every month, you put in Rs 1,000. Rate of interest: 5% per annum compounded annually. After three years, you will get Rs 40,005 on maturity. A neat sum once you realise that all you did was sacrifice Rs 1,000 every month. All you have to do is give your bank standing instructions that, on a particular date every month (the date after your salary is credited to your account), a fixed amount from your savings account must get automatically credited to your recurring deposit account.
Can you open an account in US and have a person from UK deposit money in that account?
Yes. There are no restrictions as to who can deposit cash into an account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…
Do you have to make a deposit to make a checking account?
IN most cases a bank will ask for a deposit , often a small one note type to open the account
How much the initial deposit to open a savings account at bpi family savings account?
1000
