Interested to Buy Any Domain ? << Click Here >> for more details...
what is meant by SBA ( savings bank account) & FD (fixed
deposit)?
- 5 Answers
- 22338 Views
- Karnataka Bank, I also Faced
- E-Mail Answers
Answer Posted / 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Deposit.(Amount in Savings can be withdrawn anytime with a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 |
Post New Answer View All Answers
What Are Various Services Provided By A Commercial Bank?
Are you able to handle work under pressure?
Can I Be Discriminated Against For Filing Bankruptcy?
What are extends?
How many types of repos are available in international market when classified with regard to maturity of underline security, pricing, terms of repo etc.?
What Do You Know About the Term at Par in Issuance Shares?
Why you want to join NABARD?
How to check Credit Worthiness?
What significant trends do you see in the future for our industry?
Tell about yourself and your family background?
what if any interviewer ask that why you have taken an AT KT in the exam. what should be a reasonable ansewer?
What is the difference between cheque and demand draft
What's Monetary policy?
What do we call an account in which trading of shares in their electronic form is done?
What is depreciation and devaluation of currency?
