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All financial factors are related to one another. If one factor is changed, all other percentages automatically get affected. If the home loan interest rate is lowered by 2-3% per annum, it indicates that inflation has increased. So to control the situation RBI will increase the repo rate (the rate at which banks borrow money from RBI). This in turn, will force the banks to reduce the interest rate of fixed deposit.
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What is the benefit of fixed deposit interest rates?
Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.
How do banks calculate term deposit rates?
Term deposit rates is the amount of money paid in interest at specific date for a specific amount of money placed in the Term Deposit. Banks calculate term deposit rates for example at 35% interest of a deposit of å£10,000 gives an added value å£35 at the end of the year.
Do term deposit rates pay more interest than a conventional savings account?
"Yes, term deposit rates do pay more interest than a conventional savings account because you basically lock in your money to this account for a fixed amount of time, assuring your bank that you will not withdraw the money in the set amount of time."
What is the definition of a term deposit rate?
The definition of term deposit rate is a deposit held in a financial institute at a fixed rate. Such as a cd that banks offer or bonds.
Is the fixed deposit and term deposit same?
Yes. Fixed Deposit and Term Deposit both refer to the same thing. A deposit account is one in which you keep a fixed sum of money for a specific duration (Usually atleast a few months) based on an agreement with the bank. The bank does not expect you to withdraw funds regularly from this account and hence gives you a better interest rate.
What is the benefit of fixed deposit interest rates?
Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.
What is the difference between fixed deposit and non convertible debenture?
fixed deposit has its fixed term, but debenture does not have any term. fixed deposit can be invested in eqty,debt or any other , but the debenture is debt only.
What is fixed deposit rates?
http://wiki.answers.com/Q/What_is_fixed_deposit_rates"
How do banks calculate term deposit rates?
Term deposit rates is the amount of money paid in interest at specific date for a specific amount of money placed in the Term Deposit. Banks calculate term deposit rates for example at 35% interest of a deposit of å£10,000 gives an added value å£35 at the end of the year.
Do term deposit rates pay more interest than a conventional savings account?
"Yes, term deposit rates do pay more interest than a conventional savings account because you basically lock in your money to this account for a fixed amount of time, assuring your bank that you will not withdraw the money in the set amount of time."
Where can someone find more information about a time deposit?
In the banking world, the term Time Deposit refers to a savings account or certificate of deposit that pays a fixed interest rate for a given period of time. In the United States, a time deposit is commonly referred to as a certificate of deposit, as a term deposit in Canada, Australia and New Zealand, a bond in England and a fixed deposit in India. One can find terms and interest rates at their local bank, or on internet comparison sites such as Bank Rate or Rate Brain.
Highest FD Interest Rates in Coimbatore?
A Fixed Deposit is a investment option where you can grow your capital at a high rate of interest for a period of time. In Kovai Tech Nidhi Limited, we provide the best interest rates for fixed deposits compared to the Bank interest rates for FDs. Our Fixed Deposits have a tenure of 1 to 5 year with highest FD interest rates. We give 12% per annum as FD Interest Rates for Individual Members and the best FD rates for senior citizens at 12.5% per annum. The safe and attractive regular income on the invested amount that makes the fixed deposit interest rate as an ideal match for all your short-term and long-term goals. Depositors can choose a wide range of Fixed Deposit scheme with maturity period ranging from 12 months to 60 months at competitive FD interest rates and with different features to suit the investment needs of each individual Members.
What is the definition of a term deposit rate?
The definition of term deposit rate is a deposit held in a financial institute at a fixed rate. Such as a cd that banks offer or bonds.
Is the fixed deposit and term deposit same?
Yes. Fixed Deposit and Term Deposit both refer to the same thing. A deposit account is one in which you keep a fixed sum of money for a specific duration (Usually atleast a few months) based on an agreement with the bank. The bank does not expect you to withdraw funds regularly from this account and hence gives you a better interest rate.
In terms of certificate of deposit rates, is the dollar amount or length of term the biggest factor?
Whne it comes to certificate of deposit rates both amount and term are inmportant. You will receive a larger payout for a larger amoutn or a longer term.
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 term deposit?
Term Deposits usually refer to the deposits (amount deposited ) made for a fixed period say one or two years In India term deposits are referred to Fixed deposit which normally yields better rate of return than savings deposit. Rgds. uma Hope this helps U!!
