When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as:

Related MCQs

• When Banks accept a fixed sum of money from an individual for a definite term and pay on Maturity with interest, the deposit is known as
• When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as
• is a deposit of money that has a fixed time and pays higher interest than a SB Account.
• According to RBI guidelines the term ‗bulk deposit‘ is used for single rupee term deposit of
• Normally banks accept fixed Deposits for a maximum period of:
• Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks?
• ESAF Small Finance Bank has launched a social deposit scheme called 'Hrudaya Deposit scheme‘ recently. Where is headquarter of ESAF Small Finance Bank?
• In terms of Reserve Bank of India (RBI) guidelines, Banks in India must pay a minimum interest on the balances held in Saving bank account at ?
• What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty?
• A fixed deposit receipt is kept with the bank for its safety, is known as ?