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How do you write a letter for a renewal of fix deposit?

To write a letter for the renewal of a fixed deposit, start with your name and contact details followed by the bank's name and address. Clearly state your request for renewal, including your account number, the deposit amount, and the desired renewal term. You can also mention any changes in interest rates or terms that you wish to discuss. Finally, express appreciation for their services and sign the letter.


How does the risk involved in a money market mutual fund compare with the risk of a certificate of deposit (CD)?

the risk of the money market mutual fund is slightly greater than that of the CD


Is pension fund is deposit taking institution?

No, a pension fund is not a deposit-taking institution. Pension funds are investment vehicles that manage and invest contributions from employers and employees to provide retirement benefits. Unlike banks or credit unions, which accept deposits and provide savings accounts, pension funds focus on long-term investment strategies to grow assets for future payouts to retirees.


What is mutual funds dividend?

It is a kind of profit sharing which the mutual fund does with its investors. Once in a year or so, fund managers share their profit with investors through dividends. The dividend is usually sent as a cheque or as direct deposit into the investors bank account. The amount is directly proportional to the amount of money the investor has invested in the fund


What is a fund of origin certificate?

FOC or Fund Origin Certificate is a Scam Certificate to cheat people out of money Some bank use it not to pay the deposit made from foreigner countries.. You pay and the bank do not respond anymore... Usually a girl contact you and tells that she is orphan and here father has deposit in England,millions of dollars, she need a Trusty and you get all the documents, death certificate, deposit of millions of funds, you also get a Mandate, they have to get if from a lawyer you must pay,, and they tell that they provided the transfer , .....but the Bank of England stop it.. ..you need a FOC and if you pay the scam cheating is completed...

Related Questions

When was Neighbourhood Renewal Fund created?

Neighbourhood Renewal Fund was created in 2000.


Do you have wright to refuse the child support from your child father?

No. If you don't need it then you should deposit it in a college fund for the child.No. If you don't need it then you should deposit it in a college fund for the child.No. If you don't need it then you should deposit it in a college fund for the child.No. If you don't need it then you should deposit it in a college fund for the child.


How do you write a letter for a renewal of fix deposit?

To write a letter for the renewal of a fixed deposit, start with your name and contact details followed by the bank's name and address. Clearly state your request for renewal, including your account number, the deposit amount, and the desired renewal term. You can also mention any changes in interest rates or terms that you wish to discuss. Finally, express appreciation for their services and sign the letter.


Is it better for the bowling alley to keep the prize fund or should the prize fund be deposit at the bank in the leagues name?

In the leaque fund


What does ADF stand for?

ADF stand for : Additional Deposit Fund Andorran Franc Asian Development Fund ..


What is the deposit date for 2010 Alaska permanent fund?

If you signup for direct deposit, it will be deposited October 7th...


How is state unemployment funded?

Employers deduct a portion of employees' paychecks to deposit into an unemployment insurance fund each pay period.


CAN SS OFFICE AT CLEVELAND ST. IN CLEARWATER FLORIDA HANDLE DIRECT DEPOSIT TRANSFER OF SS FUND FROM ?

CAN SS OFFICE AT CLEVELAND ST. IN CLEARWATER FLORIDA HANDLE DIRECT DEPOSIT TRANSFER OF SS FUND FROM ONE BANK TO ANOTHER


What was the effect of vetoing the of the charter renewal and deposit of federal funds in state banks?

this is a hard question. go figure it out!


What is Section 73 of Companies Act, 2013?

Furnishing of deposit receipts to depositors.- On the acceptance or renewal of a deposit, every company shall furnish to the depositor or his agent a receipt for the amount received by the company, within twenty-one days from the date of receipt of money or realization of cheque or date of renewal.


Is it a good idea to use funds from your provident fund to put a deposit down on your first house?

No. The funds in your PF Account is for retirement and not to fund your regular expenses


How does the risk involved in a money market mutual fund compare with the risk of a certificate of deposit?

The risk of the money market mutual fund is slightly greater than that of the CD