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Visit the bank where you want to make the deposit. If you have an account with the bank then it is easier to open the account. Else you may have to provide an address and identity proof. The bank would want you to fill in a deposit form with the details of the amount you want to deposit and the duration. Once you do that and pay the cash to the teller, you are done.
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What is Accounting entry of interest on fixed deposits?
fixed deposit A/c dr. to int on fixed deposit
What is the procedure for opening a bank account?
In the US, contact the bank, provide them with your name, address, social security number, sample of your signature, and the funds for a first 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
Difference between deposit account and call account?
Fixed Deposit Call Account -There is a fix Maturity -There is no Fix Maturity -Terms of Deposit are generally fixed -Terms Generally Varies -Deposit and withdrals can not be made at - Deposit and Withdrals can be made Any Time at any time
What is the procedure for opening fixed deposit account with the bank?
In two forms either personal or company e.g the name of the company 2 signatory 3
What are thebasic requirements for a fixed deposit account?
The basic requirements for opening a fixed deposit account are: a. Amount to deposit b. Existing relation with bank (You need to hold some sort of account with the bank. Else, you will be asked to open one) c. Source/Proof of legal income If you have these, any bank will be willing to open an fixed deposit account for you.
What is the disadvantages of fixed deposit?
what is the disadvantages of fixed deposit
Which is better recurring deposit or fixed deposit?
Actually both of them have their own benefits and drawbacks. In terms of rate of interest an fixed deposit will give you more interest than a recurring deposit. In terms of ease of operation and opening a recurring deposit is easier because it will need much less contribution and on a regular basis whereas you need to deposit in lumpsum in case of a FD.
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 do you call a portion of a bank's deposit that are not loaned?
fixed deposit
What is the procedure for opening a bank account?
In the US, contact the bank, provide them with your name, address, social security number, sample of your signature, and the funds for a first 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.
