The term "fixed" in Fixed Deposits (FD) denotes the period of maturity or tenor.
The rate of penalty will be fixed upfront.
Premature withdrawal of accumulated amount permitted is usually allowed (however, penalty may be imposed for early withdrawals). .The rate of interest for Fixed Deposits differs from bank to bank (unlike earlier when the same were regulated by RBI and all banks used to have the same interest rate structure. .However, in case of need, the depositor can ask for closing (or breaking) the fixed deposit prematurely by paying bauer sucht Frau jenny and martin paying a penalty (usually of 1, but some banks either charge less or no penalty). .It is spam / self promotion.Income tax is to be paid on interest earned from a Recurring Deposit at the rate of tax slab of the RD holder.Recurring Deposit is a special good dating site viva kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable.(b) There are no restrictions on the number of times deposit in cash / cheque can be made or the amount of such deposits; (c) Usually banks do not have any interest on such current accounts. .
500 days, 555 days, 1111 days etc.e.What is a Savings Bank Account? .Minimum Period of RD is 6 months and maximum is 10 years.I pressed this button by accident.The rate of interest on such deposits keeps on varying with the prevalent market rates.e.I did this today and it's been driving me nuts!Standing instructions which are the instructions by the customer to the bank to withdraw a certain sum of money from his Savings/ Current account and debitt to the Recurring Deposit account.
However, wef 25th October, 2011, RBI has deregulated Saving Fund account interest rates and now banks are free to decide the same within certain conditions imposed by RBI. .
By, rajesh Goyal, types OF bank accounts IN india (Deposit Accounts).