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How much is the initial deposit of a savings account?
It depends on the bank and the types of facilities offered by your banker. Government banks in India require a minimum balance of Rs. 500 for normal accounts and Rs. 1000/- for accounts with cheque book and ATM card. Private banks require a minimum quarterly average balance of Rs. 2500 or above
You deposit 250 in a bank account that offers compound interest at a rate of 5 compounding quarterly. At the end of five years your balance is?
320.51 A+
What is the current interest rate offered at ING direct for a savings account?
All savings accounts in India offer an average of 3 to 3.5% interest per annum calculated on a daily end of day account balance basis. The interest is calculated based on the every day balance in the account and would be credited on a quarterly or half yearly basis.
Does an interest-bearing account pay interest to the depositor when an average minimum monthly balance is maintained?
Yes, an interest-bearing account typically pays interest to the depositor as long as they maintain the average minimum monthly balance required by the bank. The interest is usually calculated based on the balance in the account and is credited at regular intervals, such as monthly or quarterly. However, the specific terms may vary by financial institution, so it's important to check the account details for any conditions or changes in the interest rate.
Interest is charged on the average daily balance on your charge card with the?
Average daily balance method
What is the full form of AQD?
average quarterly deposit
What is the average water bill for a 4 bedroom house?
$160 quarterly
What would be the ending balance of a 700 savings account earning 8 percent interest compounded quarterly after 3 years?
8 percent compounded quarterly is equivalent to approx 36% annually. At that rate, after 3 years the ending balance would be 1762.72 approx.
Saving account minimum balance of ICICI?
It depends on the type of account you have. For ex:For a regular savings account you need a quarterly minimum balance of Rs. 10000/-For a Salary account - it is '0'For a Savings account with a Gold Debit card - it is Rs. 50000/- quarterly balanceEtc.
Which statement has the average liabilities?
Balance sheet What you'll need is two quarterly balance sheet Example Balance sheet from 2008 and one from 2009 to get the average liabilities you'll take total liabilities from 2008 add it to 2009 total liabilities and divide both by two example 2008 total liabilities = 8 2009 total liabilities = 10 Average liabilities = 8 + 10 = 18 18 / 2 = 9 You will do the same with assets. Usually the average is provided for you in a the problem.
What part of speech is quarterly?
Quarterly is an adjective (quarterly bills) and an adverb (paid quarterly).
How much is the initial deposit of a savings account?
It depends on the bank and the types of facilities offered by your banker. Government banks in India require a minimum balance of Rs. 500 for normal accounts and Rs. 1000/- for accounts with cheque book and ATM card. Private banks require a minimum quarterly average balance of Rs. 2500 or above
You deposit 250 in a bank account that offers compound interest at a rate of 5 compounding quarterly. At the end of five years your balance is?
320.51 A+
What is the current interest rate offered at ING direct for a savings account?
All savings accounts in India offer an average of 3 to 3.5% interest per annum calculated on a daily end of day account balance basis. The interest is calculated based on the every day balance in the account and would be credited on a quarterly or half yearly basis.
When was The Quarterly created?
The Quarterly was created in 1987.
When did The Quarterly end?
The Quarterly ended in 1995.
Does an interest-bearing account pay interest to the depositor when an average minimum monthly balance is maintained?
Yes, an interest-bearing account typically pays interest to the depositor as long as they maintain the average minimum monthly balance required by the bank. The interest is usually calculated based on the balance in the account and is credited at regular intervals, such as monthly or quarterly. However, the specific terms may vary by financial institution, so it's important to check the account details for any conditions or changes in the interest rate.
