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What is meant when one says the are making a fixed deposit?

A fixed deposit is a loan arrangement where you place a specified amount of money into the name of the account holder. A fixed deposit generates a fixed amount of interest over a period of time and cannot be withdrawn for a specified period of time.


What is a CD at a bank?

A CD is a certificate of deposit which is a time deposit savings with fixed terms.


What is a corporate fixed deposit?

A deposit made by investors with corporations for a fixed time period, for a predetermined/agreed upon rate of interest is called a "Corporate Fixed Deposits"


What is loan against fixed deposit?

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.


Difference between deposit account and call account?

Fixed Deposit Call Account -There is a fix Maturity -There is no Fix Maturity -Terms of Deposit are generally fixed -Terms Generally Varies -Deposit and withdrals can not be made at - Deposit and Withdrals can be made Any Time at any time


What is the disadvantages of fixed deposit?

what is the disadvantages of fixed deposit


Fixed deposit is fixed asset or current assest?

A fixed deposit in the name of a firm is not a fixed asset.


What is an example of a time deposit?

A time deposit is an interest-bearing deposit held by a bank or financial institution for a fixed term. Time deposits usually refer to savings accounts, and are held by individuals.


What is the Difference between fixed deposit and recurring deposit?

Hi, Fixed Deposit : Deposit certain amount for certain period of time either monthly/yearly and fetching of amount is optional. If you need to get the FD amount in 1 year (example), interest will be added with the actual amount . The interesting rate is depends on your bank. Recurring Deposit : Deposit fixed amount in regular time period. At final you will get the total amount with specific interest.


What is Accounting entry of interest on fixed deposits?

fixed deposit A/c dr. to int on fixed deposit


What is a bank certificates of deposit called a time deposit?

time deposit means payable at specified time same is the case with bank deposit ie. fixed deposit that is payable after certain period means not less than 7 days to earn interest so fds are called as time deposit


What are the options for fixed deposit accounts in the USA?

In the USA, fixed deposit accounts are commonly offered by banks and credit unions. These accounts allow you to deposit a specific amount of money for a set period of time, usually ranging from a few months to several years, and earn a fixed interest rate on your deposit. Fixed deposit accounts are considered a safe investment option as they offer guaranteed returns.