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What is the interest rates offered by muthoot estates on fixed deposits?
12 .5 % for senior citizens
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)
Is fixed deposit and recurring deposit rate of interest is same?
No. In most cases the rate of interest offered on fixed deposits and recurring deposits is different. Usually the rate of interest on a fixed deposit is much higher than a recurring deposit because you will be depositing the entire amount in one shot and leave it with the bank for the duration whereas in a recurring deposit you'll pay only the part of the money at a time. So the difference.
What are the interest rates offered on fixed deposits by Bank of Baroda?
As of November 2011Time PeriodRate of Interest1 year to 443 days9.25%444 days9.35%Extra 0.75% for Senior Citizens
What is the difference between cetificate Deposits and Time Deposits?
They both refer to the exact same thing. It is just two different terms by which we are referring to this deposit product. In this, a customer deposits a lump-sum amount with the bank for a fixed amount of time at a fixed rate of interest. In return, the bank gives a certificate to the customer which he/she can surrender after the stated time in return for the invested amount + interest. They are called Time Deposits, Certificate of Deposit, Fixed Deposits etc.
What is the interest rates offered by muthoot estates on fixed deposits?
12 .5 % for senior citizens
What interest rates on Fixed deposits are charged by Bank or NBFC in India?
The interest rates on Fixed Deposits are fluctuating from time to time for every Banks like HDFC, IDBI, ICICI / NBFCs like Bajaj Finserv in India. However, the present scenario is speaking something near around to 8%.
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 are bank interest rates on fixed deposits in Kenya?
Bank interest rates on fixed deposits in Kenya can vary depending on the bank and the duration of the deposit. On average, rates range from 4% to 10%, with higher rates typically being offered for longer-term deposits. It is advisable to check with individual banks for their current rates.
What is Accounting entry of interest on fixed deposits?
fixed deposit A/c dr. to int on fixed deposit
Is fixed deposit and recurring deposit rate of interest is same?
No. In most cases the rate of interest offered on fixed deposits and recurring deposits is different. Usually the rate of interest on a fixed deposit is much higher than a recurring deposit because you will be depositing the entire amount in one shot and leave it with the bank for the duration whereas in a recurring deposit you'll pay only the part of the money at a time. So the difference.
What are the interest rates offered on fixed deposits by Bank of Baroda?
As of November 2011Time PeriodRate of Interest1 year to 443 days9.25%444 days9.35%Extra 0.75% for Senior Citizens
Various strategies for promoting fixed deposits in Banks?
1. Increasing deposit rate of interest 2. Creating awareness among the public on the safety and use of fixed deposits 3. advertisements about the rate of interest and other schemes
Are most deposits fixed rate or variable rate?
Deposits offer only a fixed rate of interest. Though this rate of interest gets changed once in a while, a deposit which was opened before this interest rate change does not get altered. It will continue to earn the same rate of interest as was promised when the deposit was opened.
Are small business loans from the bank typically offered as fixed or variable interest rates?
Small business loans from banks are typically offered with fixed interest rates, meaning the interest rate remains the same throughout the life of the loan.
Is the interest on a fixed deposit are revenue?
Yes of course, the interest on a fixed deposit is revenue because revenue is something owed but not yet paid. Hence, we can call it as revenue. Many Banks such as Axis, ICICI, IDBI and NBFCs like Bajaj Finserv are offering good interest on fixed deposit which can be called as revenue.
What is the difference between cetificate Deposits and Time Deposits?
They both refer to the exact same thing. It is just two different terms by which we are referring to this deposit product. In this, a customer deposits a lump-sum amount with the bank for a fixed amount of time at a fixed rate of interest. In return, the bank gives a certificate to the customer which he/she can surrender after the stated time in return for the invested amount + interest. They are called Time Deposits, Certificate of Deposit, Fixed Deposits etc.
