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What is deposit mobilization?
Banks mobilize deposits by making finances and by investing in various financial markets. Basically deposit mobilization is related to the creation of credits. The banks would have special campaigns where they would interact with a lot of people and invite them to make deposits with their bank.
How do you calculate cost of deposit of banks?
cost of deposits= Interest paid on Deposits/Total deposits
What are the different types of fixed deposits?
Fixed deposits come in various types to cater to diverse financial needs: Regular Fixed Deposits: Standard fixed-term deposits with a predetermined interest rate. Senior Citizen Fixed Deposits: Tailored for elderly individuals, offering higher interest rates. Tax-Saving Fixed Deposits: Provide tax benefits under Section 80C of the Income Tax Act. Cumulative Fixed Deposits: Interest is compounded and paid along with the principal at maturity. Non-Cumulative Fixed Deposits: Interest is paid at regular intervals, providing a steady income stream. Special Fixed Deposits: Customized options with unique terms and conditions, often offered by specific banks. Each type serves specific financial objectives, allowing investors to choose based on their preferences and requirements. Shriram Finance offering flexible tenures and returns of up to 9.20%* p.a. (Including 0.50%* p.a. for Senior Citizens and 0.10%* p.a. for Women)
What is core deposit ratio?
The core deposit ratio most likely relates to a metric used when analyzing and examining banks. It is core deposits / total deposits. Core deposits, as defined by the FDIC, are "the sum of demand deposits, all NOW and ATS accounts, MMDAs, other savings deposits and time deposits under $250,000, minus all brokered deposits under $250,000."
Is there a difference between time deposits and term deposits?
Tim deposits is usually a term they use in Europe and the US. <a href="http://en.wikipedia.org/wiki/Term_deposit">Time Deposit article from Wikipedia</a> Term deposits is what they call them in Australia and New Zealand. <a href="http://mozo.com.au/term-deposits">Term Deposits</a> in Australia.
What is special time deposits?
thesame time
What is the interest rate for term deposits?
It depends on the tenure. * For deposits that are less than one year the rate of interest is around 6-7% * For deposits that are one year or more the rate of Interest is around 8% * For special deposits that are 5 year tenure, the rate of interest is around 9% Add an extra 0.5% extra for senior citizens.
What are the types of deposits available in Dubai?
Deposits in Dubai are almost similar to what you can avail in countries across Asia. Fixed deposits, call deposits, recurring deposits and flexible deposits are some of the common types of deposits available in Dubai.
What is deposit mobilization?
Banks mobilize deposits by making finances and by investing in various financial markets. Basically deposit mobilization is related to the creation of credits. The banks would have special campaigns where they would interact with a lot of people and invite them to make deposits with their bank.
Are demand deposits and checkable deposits the same?
no
What is the meaning for NRI deposits?
what is nri deposits
How many types of Deposits in Company?
Acceptance of Deposits from the Members (sec.73 of Companies Act 2013) – Any company can accept deposits from its members, subject to the passing of a resolution in a general meeting and subject to certain specified conditions. In order to accept deposits from the members, the company has to certify, in circular, that it has not committed any default in the repayment of the deposits received either before or after the commencement of the act or payment of interest on such deposits. Acceptance of Deposits from the Public (sec.76 of Companies Act 2013) – Only a public company, having a net worth of not less than one hundred crore rupees OR a turnover of not less than five hundred crore rupees can accept deposits from the public. Such companies are also known as Eligible Companies. Furthermore, they must also pass a special resolution to do so.
What is a special gas of the sun?
The element "Helium" was unknown on Earth when it was discovered by spectral lines from the Sun. It was later discovered here on Earth, in Texas natural gas deposits.
What has the author Martin von Puell written?
Martin von Puell has written: 'Report on Spitsbergen and Bear Island with special reference to their coal, mineral, and ore deposits'
What is a result of stream deposits?
deltas and placer deposits
Are the deposits found in the Midwest and Southwest?
Yes, deposits can be found in both regions. In the Midwest, there are deposits of minerals such as coal, iron ore, and limestone. In the Southwest, deposits include copper, uranium, and oil.
How do you calculate cost of deposit of banks?
cost of deposits= Interest paid on Deposits/Total deposits
