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A small sum of money given to show the intention of completing a contract?
earnest
Small sum of money given to show intention of completing contract?
Earnest
How is recurring deposit done?
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.
What is a sum of money from which a person may withdraw called?
It is called Deposit
What is the Difference between term deposit and reccuring deposit?
Recurring Deposit: 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. Term Deposit: A Term Deposit or a Fixed Deposit (FD) Account is one in which the customer deposits a big sum of money (Usually a few thousands and upwards. There is actually no limit to the amount of money you can deposit in a FD) for a fixed duration of time (Atleast 3 months or higher). Since you agree to keep the money deposited with the bank for a fixed/agreed upon duration, the bank gives you a very good interest as payment for keeping the deposit
What is the sum of money given to welfare?
why is there always money for welfare
I got a job offer in cyndrake and they r asking me to deposit rs 100000 is it safe?
NO, It is not safe to deposit this lump sum money to a private company.
Can you deposit a large sum of money into a home equity line of credit?
Yes, deposit as much as you want, but in the current market, I advise you to keep it modest.
What is a sum of money given with no strings attached?
Zero
What internet services are provided by PocztaOnet?
PoctzaOnet provides an internet service commonly referred to as a 419 scam. This means that they will ask you to send them a small deposit and in return they will send you a large sum of money. This invariably turns out to be a lie and any money sent is lost.
What sum of money is considered questionable to the banks when making a deposit?
In India if you deposit cash greater than Rs. 50,000/- you need to provide your PAN Card details. If you deposit cash greater than Rs. 10,00,000/- (Ten Lacs) then you need to provide the source of income for the money.
Types of bank deposit?
1. Savings account - These are the simplest of deposits. You deposit money into your account and you can withdraw it anytime. There would be a small limitation on the number of times you can withdraw money from your account. The money in SB accounts earn an interest of around 3.5% per year 2. Current account - These are similar to Savings accounts with two small differences. One is, the money in a current account does not earn interest and two is, you can withdraw any number of times. This account is for business people who would have high number of transactions in one single day. 3. Fixed Deposit - This is a deposit product where you deposit a certain sum of money with the bank for a specific duration of time. As per the deposit agreement you are expected to let the money be with the bank based on the deposit tenure. Hence the interest offered on such deposits is higher than normal deposits. Also you will attract a penalty charge for pre-closing such deposits 4. Recurring Deposits - These are similar to fixed deposits with a differenc e being, you deposit a small amount of money every month into this account for a specified duration of time and the bank would compound the interest every month and pay you in lump at the end of the tenure.
