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
I want letter for bank fixed 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.
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 *****
A 3-month CD, or certificate of deposit, is a type of savings account where you deposit money for a fixed period of 3 months. During this time, the money earns interest at a fixed rate. At the end of the 3 months, you can withdraw the initial deposit plus the interest earned.
Fixed Deposit is giving you a more roi comparatively recurring deposit. but you can also invest your money into real estate giants like Savax Ventures who is also giving you fixed returns upto 15% per year from the minimum investment of GBP500 Only.
A fixed deposit in the name of a firm is not a fixed asset.
fixed deposit A/c dr. to int on fixed deposit
I want letter for bank fixed deposit
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.
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.
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.
Fixed Deposit Most Big Disadvantage is Less rate of interest from FD you can get max 7% Yearly. This Is The Biggest disadvantage of Fixed Deposit. In Todays Market Real Estate Companies Like Savax Ventures LTD Providing A Upto 15% Fixed ROI Yearly. On the min amount of GBP 500.
fixed deposit is an assets
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
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 *****
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.