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The amount of a deposit refers to the sum of money that an individual or entity places into a bank account or financial institution for safekeeping. This can vary widely depending on the purpose, such as opening a savings account, securing a loan, or renting property. Deposits can be subject to minimum requirements set by the institution, and they may earn interest over time if placed in interest-bearing accounts.
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What is the Difference between fixed deposit and recurring deposit?
Hi, Fixed Deposit : Deposit certain amount for certain period of time either monthly/yearly and fetching of amount is optional. If you need to get the FD amount in 1 year (example), interest will be added with the actual amount . The interesting rate is depends on your bank. Recurring Deposit : Deposit fixed amount in regular time period. At final you will get the total amount with specific interest.
Types of recurring deposit?
Recurring deposit can be classified into two types: 1. Fixed Recurring Deposit: In this the installment amount remains fixed for the entire tenor of RD from the time of booking. 2. Flexible Recurring Deposit: In the installment amount can be changed during any part of the tenor as and when the customer decides to increase or decrease his installment amount.
Can you deposit a large amount of money into your account?
Sure.
What are 5 pieces of information you would enter on a deposit slip?
On a deposit slip, you would typically enter your account number, the date of the deposit, the amount of cash being deposited, the amount of checks being deposited, and your signature. Additionally, you might also need to specify the total amount being deposited at the bottom of the slip.
What is listed in the payment column of the deposit oust dialogue box when a zero amount deposit has been entered for a caption payment?
In the payment column of the deposit output dialogue box, when a zero amount deposit has been entered for a caption payment, you will typically see a notation indicating that the deposit amount is $0. This serves as a reminder that no funds have been contributed or recorded for that particular payment. Additionally, any relevant notes or flags may indicate that the transaction is incomplete or requires further action.
how much interest will you get at the end of the year if the interest is 2.05 pa?
Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).
What is a deposit that gives a certain amount of interest in a specified amount of time?
time deposit
What is the Difference between fixed deposit and recurring deposit?
Hi, Fixed Deposit : Deposit certain amount for certain period of time either monthly/yearly and fetching of amount is optional. If you need to get the FD amount in 1 year (example), interest will be added with the actual amount . The interesting rate is depends on your bank. Recurring Deposit : Deposit fixed amount in regular time period. At final you will get the total amount with specific interest.
What amount you deposit into a saving account could be insured by the federal deposit insurance corporation up to what amount?
$250.00
What is loan against fixed deposit?
Fixed deposit is the case in which you deposit the amount for a particular time period. Now the loan which you get against your deposit is a specific amount of money which is differ according to bank policy.
What is the maximum amount of cash you can deposit in a bank?
Banks will accept any amount if you deposit it. However any cash deposit made over $10,000 will be reported to the IRS.
What was the amount of the first and last deposit made into your account?
The first deposit into the account was 500, and the last deposit was 1,000.
What is the required deposit amount for booking a reservation at First Last Hotel?
The required deposit amount for booking a reservation at First Last Hotel is 100.
Can a landlord raise the amount of a security deposit after the initial lease period has expired?
Most states limit the amount of a security deposit to one month's rent. If the parties agree to raise the rent, then the security deposit could go up by the same amount.
What is a bank's reserve-to-deposit ratio?
this is the amount of deposit the central bank authorise bank to keep them
Can you deposit only half of a check into your account?
No, you cannot deposit only half of a check into your account. You must deposit the full amount of the check.
What is a pet deposit?
Most states consider a pet deposit to be the same as a security deposit. In states that limit the amount of a security deposit, collecting both would be a violation of the law.
