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You cannot. Banks in India are not interconnected to one another. Each bank maintains an account of customer records separately. So, the customer himself may have to visit each of the banks where he has accounts to get a statement of all his fixed deposit accounts.
If anyone apart from the actual customer wants this information, banks will refuse to divulge the information unless they are from the police department.
What else can I help you with?
What does a bank do with deposits made by the average citizen?
i know the answer but i want you to tell the answer
What is the three types of money used in England know?
In England, the three main types of money are cash, bank deposits, and digital currency. Cash consists of coins and banknotes issued by the Bank of England. Bank deposits refer to money held in bank accounts, which can be accessed through checks or electronic transfers. Digital currency includes various forms of electronic payment systems and cryptocurrencies, though traditional forms like cash and deposits remain dominant.
What is interest rates on deposits?
As far as I know, it depends on what kind of deposits your going into it and bank offer. You can check your nearest bank on their interest rates. Some bank offer a little low some a little high, I believe there's a standard bracket for rates.
You want to know your bank balance through bank account no?
yes
What do you know about bank?
A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities. Banks are a fundamental component of the financial system, and are also active players in financial markets. The essential role of a bank is to connect those who have capital (such as investors or depositors), with those who seek capital (such as individuals wanting a loan, or businesses wanting to grow).
Is there such a thing as a fixed rate credit card if you have excellent credit?
Yes, Capital One and Bank of America are two issuers who offer fixed rate CC to qualified consumers. (I know because I have fixed rate accounts with both).
When do you get interest from the bank?
The bank customers share of profit made on loans by the bank is called the "Interest". It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying an interest to the customer who has placed the deposit with them.
Nature and characteristics of fixed deposits?
Depository institution (such as a bank, credit union, or a finance or insurance company) account that pays higher than savings account interest rates but imposes conditions on the amount , frequency , and/or period of withdrawals with the understanding that the customer can withdraw only by giving advanced notice. A certificate of deposit (CD) is normally issued for fixed deposits. A Fixed Deposit, also called Term Deposit, is an investment route that provides a regular stream of income for investors, very appealing to conservative, low-risk investors. Fixed deposits involve investing a particular sum of money with a bank or a financial institution or even a company; this investment is in the form of debt. There is a particular rate of interest that is paid on these fixed deposits for a specified period of time. At the end of the specified time period, the interest payment ceases and the original amount that is invested is returned to the investor. Looking at the nature of the investment, this is a route that is suitable for all those who prefer keeping their investments safe and secure. The other reason for selecting a fixed deposit over other investment routes is to generate a regular income from the investment, which provides an element of stability to the money invested. There are several features of a fixed deposit that set it apart from various other investment options present in the market. These features determine the nature of the entire investment and how it will behave under different circumstances. Here are important features that need attention: 1. Debt investment A fixed deposit is a debt investment. This means the amount is invested with the feature considering that this will be returned to the investor once the specified time period is over. This is different from an equity investment where there is a chance of a risk with regard to the amount invested because the investor becomes the owner of the company. In case of a fixed deposit, the investor is only lending the money to the bank or the institution. 2. Lender The investor who buys a fixed deposit takes on the role of a lender in the entire transaction. In this case, the bank or financial institution taking the money is the borrower. Once the position of the lender is established, it means that the bank has to pay back the amount that has been borrowed from the investor. In that sense there is a responsibility of the bank to return the money to the investor. This also impacts the feature of the investment, which underlines that there is meant to be safety of the capital invested unlike an equity investment where even this might be lost. 3. Specified interest There is a return that is earned by the investor when he/she gives a fixed deposit to the bank. The return here is measured by using the term 'interest'. Interest is nothing but the amount calculated at a specified rate of return on the amount invested. There is an element of surety for the investor because the person knows the interest rate at the time of making the deposit itself and due to this reason he/she also knows the amount of money that will be earned from the investment. The important thing is that even if economic conditions are very good or very bad the investor will keep earning the same rate of interest, so this becomes like a fixed figure that is earned by the investor. 4. Time of repayment Another important feature of the fixed deposit is that the investment is for a specified period of time that is already known to the investor at the time of making the investment. At the end of the specified period, the investment will come to an end and the amount will be returned to the investor. This means that the investor knows the return for the specified time and hence he/she is able to know precisely what he/she is earning and also how the cash flow will be present in the future. Investing in a fixed deposit There are several options available when it comes to where to make a fixed deposit. One of the most common areas where a fixed deposit is offered is the banks. All types of banks, be they public sector or private sector or even co-operative banks, offer fixed deposits for their customers. This makes fixed deposits one of the most accessible options for investors because of the fact that most people have a bank account at some place or the other. The second option for investing in a fixed deposit is with a financial institution. There are several institutions that offer a deposit option. This can include housing finance institutions or even other lending institutions that offer deposits as a means of raising funds for their activities. It can also include various non-banking finance companies that are trying to raise funds through the route of deposits so that they can tap a larger investor base for their fund requirements. There is one more area where fixed deposits are offered; these are the companies that seek to raise funds through this route. Various companies from the manufacturing to the service sector need funds for financing their various activities and they raise money through the route of company fixed deposits. The features of all these deposits are the same; the only difference is being the entity that is issuing the deposit, so there will be a difference in the risk element for the investor in these deposits. Risk element in a fixed deposit Most people believe that because a particular investment is in a debt instrument there is no risk involved in the entire process. This is not true because every investment involves some kind of risk. In the case of fixed deposits, the risk is in the form of credit risk which arises when the institution that has borrowed the money is not being able to repay the amount because of its poor financial position. The risk element for various types of institutions is different. In case of banks, there can be a situation where a bank becomes insolvent and hence cannot repay the deposits. The amount recovered will depend upon the individual position of the bank involved. In case of other financial institutions as well as companies, there is also the same risk that the interest and the capital amount will not be repaid because of the poor financial condition of the borrower. In this situation, there is little that the investor can do because there is no guarantee present from any source and the loss, if any, will have to be completely borne by the investor. There have been several such cases of defaults by companies in the past. Hope that this answers your question. Regards, J.J.
WHAT IS the role of marketing to support bank deposit mobilization?
As you might already know, the main business for banks is accepting deposits and granting loans. The more the loans the banks disburse, the more profit they make. Also, banks do not have a lot of their own money to give as loans. They depend on customer deposits to generate funds for granting loans to other customers. So a deposit mobilization scheme would encourage customers to deposit more cash with the bank and this money in turn will be used by the bank to disburse more loans and generate additional revenue for themselves. The role of the marketing department here is to reach out to more and more customers and explain to them the benefits of depositing their money with the bank thereby generating more deposits for the bank.
What do banks use depositors money?
The bank customers share of profit made on loans by the bank is called the "Interest". It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying an interest to the customer who has placed the deposit with them.
Can chase bank send money through western union?
my fincee is stuck in Afria with no way of getting his money here in the states. I need to know if he can have his bank send money through western union?
What is a banks customer's share of the profit made on loans?
The bank customer's share of profit made on loans by the bank is called the "interest." It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying interest to the customer who has placed the deposit with them.
