Term deposit and time deposit
This query is : Resolved
13 July 2013
What is the difference between term deposit, time deposit, fixed deposit and Recurring Deposit? I searched over internet but didn't find satisfied answered. Please tell me what the exactly difference between them.....
13 July 2013
TERM DEPOSIT IS USUALLY FOR FIX PERIOD SAY FOR 3MNTHS,6 MONTHS ETC.
TIME DEPOSITS ARE FOR EG 7-15 DAYS,15-30 DYS AND SO ON USUALLY IN DAYS.
FIX DEPOSIT IS USED WHEN ITS NORMALLY MORE THEN 6MONTHS OR 1YEAR AND ABOVE.
RECURRING DEPOSIT MEANS UR INT ON DEPOSIT IS REINVESTD AND U GET INT ON INT.
HOPE NOW U CLEAR.
TIME DEPOSITS ARE FOR EG 7-15 DAYS,15-30 DYS AND SO ON USUALLY IN DAYS.
FIX DEPOSIT IS USED WHEN ITS NORMALLY MORE THEN 6MONTHS OR 1YEAR AND ABOVE.
RECURRING DEPOSIT MEANS UR INT ON DEPOSIT IS REINVESTD AND U GET INT ON INT.
HOPE NOW U CLEAR.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Gift of mutual fund units to daughter
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Form 10BD Filling
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
