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ADVANTAGES : If deposited into FD (Fixed Deposit) its more safe for you. Its interest % is high when compare with other deposits like SB (Saving Bank A/C) & Current A/C. If you're a senior citizen, the FD gives you the highest rate of interest. It depends upon the banks. You can keep FD with "Time base and Money base" schemes. for example.: 2 years deposits or 5 years deposits / upto Rs.50,00,000/- or Rs.10,00,00,000/-. DISADVANTAGES : You can't withdraw the deposited money back until the terms of deposit completes. for example.: You deposit your money into the FD for 5 years upto Rs.50,00,000/-. After 2 years of deposit, U need the deposited money in FD, you can't withdraw back without completion of the deposit amount reached. If the FD reach Rs.50,00,000/- u can withdraw the amount. Until u can't do anything against the FD. The Only one chance is, "U CAN CLOSE THE FD A/C" and then u may get your money back.......! The above information is true as per my knowledge. It may not contain updated information.....!
Wiki User
∙ 15y ago
Wiki User
∙ 15y agoAdvantage of fixed rate system is that there is no exchange risk, the currency is stable and the absence of currency crisis.
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What is the disadvantages of fixed deposit?
what is the disadvantages of fixed deposit
Advantages and disadvantages of fixed income securities?
what are the advantage and limitations of fixed income securities
What are the disadvantages of fixed deposits?
The major disadvantage of a fixed deposit is that you cannot withdraw the amount instantly when the need for money suddenly arises. Another disadvantage of fixed deposits is that it is prone to inflation swings. That is say you are entitled to a 12.5% interest rate on your fixed deposit but if the inflation goes up to 14% then you are actually loosing money. You cannot re invest this amount then. But the Major Advantage of Fixed deposit is that you can secure your money/saving as long time and get good interest rate on fixed deposit nowadays lots of banks and NBFC's offering different schemes on FD you can also check out about the schemes from online.
What are the disadvantages of six-month fixed deposit?
if the interest rate increases, they will not increase your. it will be based on the initial rate
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.
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
Highest Interest in which deposit - recurring deposit or fixed deposit?
how to calculate Recurring deposit interest ?
Disadvantages of savings bank account?
Actually there are no disadvantages of having a savings account. Saving money is a good habit and keeping it in a bank account is even better because it will earn you an interest. The only downside is that the interest earned in a savings account is much much lesser than a fixed deposit but nonetheless the money is liquid and you can take it anytime you want, which isn't the case with a fixed deposit.
What do you call a portion of a bank's deposit that are not loaned?
fixed deposit
