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Bank Deposits

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Specials

Is the effective annual rate of return taking into account the effect of compounding interest. Its utility lies in its ability to standardize varying interest-rate arrangements into an annualized percentage number for comparison.

Keywords

Bank Fixed Deposits

FAQs:

Are Bank Fixed Deposits (FDs) safe?
Are banks the only institution that offers fixed deposit?
Are the interest rates for all the banks the same?
At what frequency will I receive interest on my FD?
Can I get a loan against a Fixed Deposit?
Can I redeem my FD before the original term?
Do Senior citizens get any extra benefit on the FD?
Does a high interest rate offered on a fixed deposit represent a good investment?
How do I redeem my FD?
Is TDS applicable on FDs?
Is there any auto renewal facility available on FD?
To what asset class does a FD belong ?
What are nomination facilities available on FD?
What are the multiples in which I can withdraw money from my FD?
What happens to accounts of a NRI's NRE or FCNR accounts which he/she has opened abroad after his/her return to India?
What is the range of tenure for which I can open a FD account?
Will I get a FD receipt?