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Certificates of Deposit
Savings instruments that are essentially free of risk, featuring a fixed term and fixed rate of return (interest rate)
1,137 Questions
How long to transfer money from a bank in Belgium to a UK bank?
buying a property in kenya with a bank loan from belgian bank seller lives in uk want to transfer the funding to their uk bank account how do i do this
How much is the interest in Dollar Time deposit?
Usually Time deposits earn an interest of around 2-4% per annum
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.
Can you take torn money to the bank?
Yes, you can. Torn money can be taken to any bank near you and you can submit it with the bank and request for fresh notes issued. The bank would issue you a new bill that matches the value of the torn note you gave them. Let's say a $50 bill that you have was torn and you give it to a bank, they will give you a fresh $50 bill in return.
How does the bank reward you for putting your money in the bank and what is this called?
The bank rewards you by giving you an interest. Interest is the money that you get for having your money deposited in a bank account. For ex: let's say you deposit Rs. 10000/- in a fixed deposit with a bank. The bank will pay you let's say 8% interest per annum (the rate varies from bank to bank and from country to country) which effectively means that, for having your money (Rs.10000) deposited with the bank for one year, the bank will pay you Rs. 800/- that's your reward.
What happens if you deposit a check for more than 10000 dollars?
The below things happen:
- You will get richer by $10000
- Your account will be credited with $10000
- The bank will notify will intimate law enforcement authorities about this large value deposit into your account (This is done to prevent money laundering and terrorist financing)
All these are under the assumption that, the check you deposited gets cleared and you get the money.
If a corporation pays out all of its cash in dividends, it may put itself in a position where it does not have enough cash to pay the loan payments to the bank. Excessive dividends may also be an indication that the management of the corporation does not have good judgment about retaining sufficient capital in the corporation to meet corporate capital needs.
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 does less cash received mean on a banking deposit slip?
The amount out of the check that you are receiving in cash.
To attract money, government/RBI allows NRIs to deposit funds in Indian Banks, usually, at a lucrative interest rate. They can be of various forms viz - short term, long term etc like domestic savings accounts and Fixed Deposit accounts. This at the same time serves for the domestic credit needs of Indian Economy.
NRI deposits are entirely repatriable (meaning, NRIs can pull out deposits whenever they wish to). NRIs are tempted to invest in India because of the high deposit rates in India (Most of the developed countries in which they live offer low, even close to zero, interest rates on deposits).
Their Possible Impacts on economy/banking system can be -
a. They can also lead to exchange rate destabilizes. When currency starts depreciating they can also start fleeing as this would give them higher returns due to favorable exchange rate to them. This can further affect exchange rate as their volume can be significant (at present they are worth around $50 billion, as of May 2012)
b. Secondly, they constitute almost 10% of net worth of Indian Banking System. This much of exposure is significant for health of domestic banks also.
c. Maturity of Short Term NRI deposits in current situation, when Rupee is weak, may further put depreciatory pressure on Rupee.
Different popular Banks like Axis, IDBI, SBI and NBFCs like Bajaj Finserv are offering high interest rate on NRI deposits.
Is anyone else check your bank account?
No. Only an account holder can check his/her bank account. If anyone else gains access to your account without your written consent, it is illegal.
Recurring deposit can be classified into two types:
1. Fixed Recurring Deposit:
In this the installment amount remains fixed for the entire tenor of RD from the time of booking.
2. Flexible Recurring Deposit:
In the installment amount can be changed during any part of the tenor as and when the customer decides to increase or decrease his installment amount.
What are some of the reasons to deposit your money in a bank?
1. It becomes handy to meet the emegency conditions when financial needs rises.
2. It fetches Interest for the money we have deposited in bank.
3. It gives us some tax benefits.
4. It promotes the savings habit.
An inclearing check is a check written to someone that they cash or deposit.
An organization formed for the purpose of holding deposits for individuals; examples include savings banks and savings and loans.
How do you calculate cost of deposit of banks?
cost of deposits= Interest paid on Deposits/Total deposits
Why fixed deposit is called as pledge?
A fixed deposit is called a pledge, because it is an agreement that is made. The agreement is a certain amount of money will be deposited on a regular basis. It is a promise or pledge to make the deposit.
Yes you are ! If you're not entitled to the money - that is technically theft, even if it wasn't your doing. However, you should give the company a reasonable time to reclaim the money. The best option would be to send the company a cheque or money order for the amount. Send it by recorded delivery, with a letter stating if they don't recover the money within a set time (say 2 years), you will consider it a gift !
The option of having paychecks deposited directly into an accout on payday is called a?
caca con mierda
yes, providing it continued to roll over. You would get whatever rate would be at the time of renewal.
Can you deposit a personal check into a business bank account?
Yes, but if you get caught you could spend over a year in jail, it's a felony.
What is a certificate a deposit?
A certificate of deposit (CD) is a way for you to invest your money so that it earns high interest. A deposit into your National Bank Of Kansas City account will allow you to invest in a CD easily and at any time.
When you put money into a CD your money grows by earning interest daily. Once the CD matures, you will have access to all of the money you deposited into the CD or you can choose to reinvest the funds in another CD.
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