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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]
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 savings accounts , current accounts or any of several other types of accounts explained below.
The deposit account is a liability of the bank and an asset of the depositor (the account holder). On the other hand, a bank can lend some or all of the money it has on deposit to third parties. Such accounts, generally called loan or credit accounts, are subject to similar but reverse principles of a deposit account.
A traditional or fixed-rate CD is a deposit account that provides a fixed interest rate for a specific term that can range from a few months to five years or more. Traditional CDs are the most ...
A money market account is a deposit account provided by banks and credit unions that allows you to earn interest. ... money market funds are not, meaning they carry a higher level of risk. Show ...
A periodic deposit is an investment made in the form of equal deposits over a regular time period. Each deposit recurs after a time interval. Such an investment is made to achieve a pre-planned financial objective and/or when the available capital to invest is limited. In simpler words, periodic deposit is a deposit recurring on a periodic basis.
Demand deposit account definition. A demand deposit account is another term for a checking, savings or money market account. Money in these accounts is highly liquid, and you’ll be able to ...
Demand deposit; Deposit account; Deposit market share; ... Recurring deposit; T. Time deposit This page was last edited on 30 August 2022, at 06:38 (UTC) ...