what is meant by SBA ( savings bank account) & FD (fixed
deposit)?
Answers were Sorted based on User's Feedback
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Deposit.(Amount in Savings can be withdrawn anytime with a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 |
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 |
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 |
Why do you want to join the banking sector?
What is the use of color boxes in WTO category of subsidies?
what is mortgage processing?
What are indirect instruments of monetary policy?
What is meant By ADR?
I want to get details about "FUNDS MANAGEMENT IN BANKS" FOR MY T.Y (B&I) PROJECT
1 Answers Chinai College, Standard Chartered, TCS,
What Are Accrued Revenues And When Are They Recorded?
What INVEST stands for?
I HAVE TO APPEAR IN A INTERVIEW FOR THE POST OF SENIOR ASSISTANT-FINANCE , PLEASE SUGGEST ME WHAT TYPE OF QUESTIONS THEY SHOULD ASK ME .
Finding a genuine provider of financial instrument is very challenging but we are certified Financial Instrument providers in United Kingdom. Presently, we only focus on BG/SBLC for Lease and Sale transactions. However, our Lease BG/SBLC is 6+2% and Sale at 40+2%. Should you find this interesting and acceptable? Kindly, contact us and we shall review and respond with draft Contract/MOU within 48hrs maximum. Please request for full procedure details if interested. For further inquiry contact: Diderot Denis Email:diderotdenis20@gmail.com
What is bank and its features and its types?
How do you calculate the rate of return on a stock?
Business Administration (517)
Marketing Sales (1279)
Banking Finance (3208)
Human Resources (747)
Personnel Management (68)
Hotel Management (29)
Industrial Management (113)
Infrastructure Management (14)
IT Management (97)
Supply Chain Management (16)
Operations Management (39)
Funding (79)
Insurance (494)
Waste Management (1)
Labor Management (48)
Non Technical (73)
Business Management AllOther (546)