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A fixed deposit means that the money cannot be withdrawn before maturity unlike a recurring deposit or a demand deposit.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]
A recurring deposit is a special kind of term deposit in India that is offered by Indian banks and India Post which helps people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. [1] [2]
It is formed in 2022 as the result of a merger [8] of Shriram City Union Finance [9] [10] and Shriram Capital into Shriram Transport Finance. [11] Shriram Housing Finance is a subsidiary of Shriram Finance and mainly provides home loan services. [12] Shriram Life Insurance is the life insurance arm of the group, and a joint venture between ...
Post Office Money is a financial services brand operated by Post Office Limited which provides credit cards, current accounts, insurance products, mortgages and personal loans to customers in the United Kingdom through Post Office branches, the internet and telephone. [1]
The Financial Sector Legislative Reforms Commission (FSLRC) was set up by the Government of India, Ministry of Finance, on 24 March 2011, to review and rewrite the legal-institutional architecture of the Indian financial sector. In its report the FSLRC recommended a regulatory structure consisting of seven agencies including a deposit insurance ...
A deposit slip or a pay-in-slip is a form supplied by a bank for a depositor to fill out, designed to document in categories the items included in the deposit transaction when physically depositing at a bank.
Sundaram Finance Limited is an Indian financial and investment service provider, based in Chennai. The company offers consumer loans, wealth management , commercial finance , investment banking , private equity , treasury advisory, credit cards and infrastructure finance, among others.
R. Thyagarajan is an industrialist and founder of Chennai-based Shriram Group, a financial services conglomerate along with AVS Raja and T. Jeyaraman. He was awarded the Padma Bhushan, India's third highest civilian award, in 2013 in the field of trade and industry. [1]