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

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

Question Posted / regin m

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Karnataka Bank, I also Faced
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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Deposit.(Amount in Savings can be withdrawn anytime with a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

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