what is meant by SBA ( savings bank account) & FD (fixed deposit)?

Categories >> Business Management >> Banking Finance
Suggest New Category

what is meant by SBA ( savings bank account) & FD (fixed
deposit)?

Question Posted / regin m

5 Answers
22167 Views
Karnataka Bank, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

what is meant by SBA ( savings bank account) & FD (fixed deposit)?..

Answer / ravi

Savings is a Demand Deposit while Fixed Deposit is a Term
Deposit.(Amount in Savings can be withdrawn anytime with a
Cheque etc while Fixed deposit is for a certain period of time.)
with an SBA account an account holder gets a
Passbook/statement;a Cheque book, Debit card and /or Intenet
Banking Accounts to tranfer or withdraw money.
With an FD account a receipt is given with Amount of
deposit,dates of deposit& Maturity;rate of interest/maturity
value.

Savings account is thus a running account (Deposits &
withdrawals happen in the same account) while FD is for a
specific period .

Savings Bank Account is an account which normally Fetches
Lower Rate of interest than Fixed Deposit.

Is This Answer Correct ?

54 Yes

2 No

what is meant by SBA ( savings bank account) & FD (fixed deposit)?..

Answer / ammabali

sba is the account for accumulation of savings. number of
transactionsare limited in a day and rate of interest is
low.

fd is the term deposit for a fixed rate of interest.
interest rate is comparitively high.

Is This Answer Correct ?

11 Yes

1 No

what is meant by SBA ( savings bank account) & FD (fixed deposit)?..

Answer / ankita

fixed deposit have low rate of interest in which we have
fixed deposit it is not fluctuate. and all deposits have
maturity period of time .

saving bank account is a kind of bank account in which we
have saving through which we can collect or deposit our
money for the future uncertainity

Is This Answer Correct ?

2 Yes

0 No

what is meant by SBA ( savings bank account) & FD (fixed deposit)?..

Answer / satyanarayana tangirala

SBA account is easly Excess account & also received
interest on our deposit money.
FD is long term investment in this account we should
withdral money in 6 month or ourterm & fixed rate of
interest.

Is This Answer Correct ?

3 Yes

4 No

what is meant by SBA ( savings bank account) & FD (fixed deposit)?..

Answer / digamber hire

I have no idea.

Is This Answer Correct ?

11 Yes

23 No

Post New Answer

More Banking Finance Interview Questions

What is the meaning of refinance?

0 Answers Nabard,

What is communism?

0 Answers State Bank Of India SBI,

Which government started the LPG policy in India?

0 Answers IBPS, RBI,

what is the limitations of cash credit account

0 Answers

Share your views on India 2020?

0 Answers IBPS,

what is the scope of rent securitisation

0 Answers Carrot Investment,

I m doing MBA in Finance,I have do a Project on Personal Loan of Bank.Any body can help me to choose the Title of the Project and can give me some idea regarding this tropics. So i'll very greatfull to you

5 Answers ICICI,

What are the various banks take for women empowerment?

0 Answers State Bank Of India SBI,

What is the difference between GDP and GNP?

0 Answers RBI,

What is PLR?

1 Answers

I need the questions which are frequently asked at the time of interview for finance field?

1 Answers

Who are auditors? What are their roles?

0 Answers State Bank Of India SBI,

For more Banking Finance Interview Questions Click Here