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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.
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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.
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 can i use term deposit as collateral for credit?
Term deposit is a type of deposit that benefits you with interest. It is a type of savings account where you are able to channelize your idle fund for a stipulated period of time and gain profit. This is nothing but a fixed deposit account, the best and the most secured way of savings. Different Banks like PNB, HSBC, SBI and NBFCs like Tata and Bajaj Finserv Fixed Deposit Scheme exactly offers you that. Fixed deposit gives the certainty of higher returns on investment. It gives the assurance of fixed credit after FD maturity. This term deposit is not only beneficial to get a high credit but also useful to be used as a collateral for getting loans from the lender.
Are there any penalties for withdrawing money from a Certificate of deposit before the end of its fixed term?
Yes!
What is meant by term deposits?
term deposit is also often known as a fixed savings account because the interest rate you earn is fixed, and so is the account balance - you can't put any more money in, or take any out until the end of the term you have chosen. A term deposit is just one way you can save for your future or for a specific goal, and here, we can help you decide whether a fixed term deposit account could be right for all or even just a part of your financial plans. .
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 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.
Difference between certificate of deposit and fixed deposit?
A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks. A fixed deposit is the same thing as a CD but the term is more often used in south-east Asian countries like India, Sri Lanka, etc while certifcate of deposit is used in North American countries and likewise.
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!!
What is the disadvantages of fixed deposit?
what is the disadvantages of fixed deposit
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.
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
How can i use term deposit as collateral for credit?
Term deposit is a type of deposit that benefits you with interest. It is a type of savings account where you are able to channelize your idle fund for a stipulated period of time and gain profit. This is nothing but a fixed deposit account, the best and the most secured way of savings. Different Banks like PNB, HSBC, SBI and NBFCs like Tata and Bajaj Finserv Fixed Deposit Scheme exactly offers you that. Fixed deposit gives the certainty of higher returns on investment. It gives the assurance of fixed credit after FD maturity. This term deposit is not only beneficial to get a high credit but also useful to be used as a collateral for getting loans from the lender.
Is a certificate of deposit a current or fixed asset?
Certificate of deposit if purchased for one year then current asset otherwise long term asset.
Are there any penalties for withdrawing money from a Certificate of deposit before the end of its fixed term?
Yes!
What is meant by term deposits?
term deposit is also often known as a fixed savings account because the interest rate you earn is fixed, and so is the account balance - you can't put any more money in, or take any out until the end of the term you have chosen. A term deposit is just one way you can save for your future or for a specific goal, and here, we can help you decide whether a fixed term deposit account could be right for all or even just a part of your financial plans. .
What is the difference between prepaid and fixed term contract?
Prepaid is the same as fixed term!
