The examples and perspective in this article deal primarily with India and do not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate.(October 2015) (Learn how and when to remove this message)
A fixed deposit (FD) is a tenured deposit account provided by banks or non-bank financial institutions which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. The term fixed deposit is most commonly used in India and the United States. It is known as a term deposit or time deposit in Canada, Australia, New Zealand, and as a bond in the United Kingdom.
A fixed deposit means that the money cannot be withdrawn before maturity unlike a recurring deposit or a demand deposit. Due to this limitation, some banks offer additional services to FD holders such as loans against FD certificates at competitive interest rates. Banks may offer lesser interest rates under uncertain economic conditions.[1] The tenure of an FD can vary from 7, 15 or 45 days to 1.5 years and can be as high as 10 years.[2]
In India these investments can be safer than Post Office Schemes as they are covered by the Indian Deposit Insurance and Credit Guarantee Corporation (DICGC). However, DICGC guarantees amount up to ₹ 500000 (about $6850) per depositor per bank.[3] In India they also offer income tax and wealth tax benefits.
^Sumant Khanderao Muranjan (1952). Modern banking in India. Kamala Pub. House. p. 80.
^Mohan Lal Tannan (1965). Banking law and practice inIndia. Thacker. p. 23.
^"DICGC – A guide to FD". Archived from the original on 22 August 2013. Retrieved 6 January 2014. 3. What is the maximum deposit amount insured by the DICGC? Each depositor in a bank is insured up to a maximum of 100,000 (Rupees One Lakh) for both principal and interest amount held by him in the same right and same capacity as on the date of liquidation/cancellation of bank's licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.
A fixeddeposit (FD) is a tenured deposit account provided by banks or non-bank financial institutions which provides investors a higher rate of interest...
A Flexi-Fixeddeposit is a special kind of deposit offered by banks in India. It is a combination of a demand deposit and a fixeddeposit. The depositor...
effectively time deposits, though they do not have a fixed maturity date. Unlike a certificate of deposit and bonds, a time deposit is generally not negotiable;...
recurring deposit is a special kind of term deposit offered by Indian banks and Post Office which helps people with regular incomes to deposit a fixed amount...
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities...
financial products and services, including mutual funds, insurance, fixeddeposits, NPS and SIPs. The investments tracked and managed on the app is US$3...
and Madurai, 4 crore in fixeddeposit and 1.39 crore in his savings account. Kanimozhi 8.45 Cr 4 June 2007 She owns fixeddeposits worth Rs 6.58 crores,...
A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings...
95% of household savings in India park their money in bank deposits, including fixeddeposit, provident fund, PPF, life insurance, and various small savings...
Small Finance Bank to offer fixeddeposit services to its account holders. Since June 2021, it is not providing new fixeddeposit creation with Suryodaya...
State, the church was able to help Travancore government by depositing an amount as fixeddeposit, which came to be known as Vattipanam. On the South Western...
for in a FixedDeposit". The Economic Times. Retrieved 2 July 2020. "Company FixedDeposit: Interest Rates, FixedDeposits Rating, FixedDeposits Schemes...
liabilities are customer deposits which are repayable on demand. An example of a time liability is a six-month fixeddeposit which is not payable on demand...
various types of deposits from the public especially from its clients, including saving account deposits and fixeddeposits. These deposits are returned whenever...
government of Singapore. SSBs are seen as alternatives to Singapore fixeddeposits which are offered by banks or finance companies. This is due to the...
of credit facilities. DICGC insures all bank deposits, such as saving, fixed, current, recurring deposit for up to the limit of Rs. 500,000 of each depositor...
through visa fees, property purchases, personal vehicle purchases, fixeddeposits, and monthly household expenditure. Currently the Ministry of Tourism...
at most banks in India for a lot of time. People relied primarily on fixeddeposits for preserving their savings. Canara Bank (earlier Canara Banking Corporation...
KYC. The bank has introduced the Senior Citizen Product and Tax Saver FixedDeposit. Banks portal Banking in India List of banks in India Reserve Bank of...
personal assets. Due to debt, Jaiprakash Associates did not pay back its fixeddeposit holders on time. The National Company Law Tribunal had extended the...
Abolish "unconstitutional" religion-based reservation Aada Bidda Bharosa: Fixeddeposit scheme for a girl child at her birth, under which ₹200,000 can be redeemed...
Almost 95% of household savings in India are held in bank deposits, including fixeddeposit, provident fund, PPF, life insurance, and various small savings...
at the end of the period. Examples of a single deposit are certificates of deposit or FixedDeposits. Ericka has US$5,000.00 for her daughter's wedding...
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be...
Global Information