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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 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 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 differences between a fixed deposit and a certificate of deposit?
A fixed deposit is a type of savings account offered by banks where you deposit a sum of money for a fixed period at a fixed interest rate. A certificate of deposit (CD) is similar but is typically offered by credit unions and has a higher interest rate but requires a minimum deposit and penalties for early withdrawal.
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.
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
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
