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Not all banks give flexible fixed deposit schemes. These usually depends on the bank managing them. Most fixed deposit are actually fixed in nature and you are not supposed to withdraw any funds that account. However recently most banks have started withdrawal from such account at the cost of a penalty fee to be levied at the time of withdrawal.
What else can I help you with?
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.
What are the different types of fixed deposits?
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)
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.
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
Characteristics of fixed deposits?
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What are fixed and flexible budgets?
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What is Accounting entry of interest on fixed deposits?
fixed deposit A/c dr. to int on fixed deposit
How do you make entries regarding Fixed deposits i n tally 7.2?
How do you make entries regarding Fixed deposits i n tallyRead more: How_do_you_make_entries_regarding_Fixed_deposits_i_n_tally_7.2
Are fixed deposits placed with banks categorised as fixed or current assets?
Fixed deposits placed with banks are considered as current assets. Current assets are always assets that can be liquidated within 1 year. Fixed deposits can be withdrawn at any time, eventhough their placement periods can be longer than a year.
What is flexible budget?
Fixed or Static buget is for a particular activity level. Flexible budget is for a range of activity level. Differentiate between Fixed and Flexible budget ? Needs a complete answer.
Is fixed deposits is an asset or liabilities?
Liability
How do flexible expenses differ from fixed expenses?
Flexible expenses vary over time.
