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1) FD is safe investment option.
2) Return on FD is predefined irrespective of market fluctuations.
3) It gives higher rate of interest than a normal saving account.
4) It provides an investor the flexibility of breaking it prematurely (Subject to some penalties).
5) The interest given on FD is tax free up to a limit.
6) On maturity, it provides the flexibility of direct credit the amount of principal and interest, in customer's bank account.
Wiki User
∙ 8y ago
Wiki User
∙ 15y agoBelow are some advantages
1. Extremely Safe
2. Earns you a Decent Rate of returns
3. Guaranteed returns
4. You can pledge your FD and get loans at reduced rates
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How do you write letter for bank fixed deposit?
I want letter for bank fixed deposit
Highest Interest in which deposit - recurring deposit or fixed deposit?
how to calculate Recurring deposit interest ?
What are the advantages of a fixed deposit?
A 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 The advantage is the fact that you earn a very good interest on the money you place as a fixed deposit
How do you write a letter to bank manager for closing fixed deposit?
To Manager Subject: Closing Fixed deposit account. This is to inform you that, My Fixed deposit will mature on 01/12/2012, Kindly request you to transfer the fixed deposit to my Saving account, details are mention below. Name: Saving bank account: your faithfully *****
What are fixed deposit accounts?
A Fixed deposit account is one in which you deposit a specific amount of money with a bank for a specified duration of time. you cannot withdraw that money before its maturity date. if you do you would have to pay a penalty for doing the same. usually fixed deposits offers us a higher rate of interest than normal bank accounts
What is the disadvantages of fixed deposit?
what is the disadvantages of fixed deposit
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
What is Accounting entry of interest on fixed deposits?
fixed deposit A/c dr. to int on fixed deposit
How do you write letter for bank fixed deposit?
I want letter for bank fixed deposit
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.
Highest Interest in which deposit - recurring deposit or fixed deposit?
how to calculate Recurring deposit interest ?
What are the advantages of a fixed deposit?
A 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 The advantage is the fact that you earn a very good interest on the money you place as a fixed deposit
What do you call a portion of a bank's deposit that are not loaned?
fixed deposit
How do you claim fixed deposit?
Every Fixed Deposit will have a certificate linked to it. The bank would issue you a certificate that is the proof that you have a fixed deposit with the bank that is worth 'n' rupees and matures on 'x' date. You need to carry this back to the bank and submit it and ask for cashing your fixed deposit. The bank will accept the certificate and pay you the cash that is due for the deposit.
Is fixed asset a current asset?
fixed deposit is an assets
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
How do you write a letter to bank manager for closing fixed deposit?
To Manager Subject: Closing Fixed deposit account. This is to inform you that, My Fixed deposit will mature on 01/12/2012, Kindly request you to transfer the fixed deposit to my Saving account, details are mention below. Name: Saving bank account: your faithfully *****
