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A bank's ' fixed deposit' is also referred to as a

A bank's ' fixed deposit' is also referred to as a Correct Answer Term Deposit

A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. It is known as a term deposit or time deposit in Canada, Australia, New Zealand, India and The United States, and as a bond in the United Kingdom and for a fixed deposit is that the money cannot be withdrawn from the FD as compared to a recurring deposit or a demand deposit before maturity. Some banks may offer additional services to FD holders such as loans against FD certificates at competitive interest rates.

Related Questions

Which of the following statements are true in context of scheduled banks?
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.
Study the following information carefully to answer the question given below. Following are the qualifications and conditions for certain posts in a "XYZ" company. The candidate must: a) be an engineering graduate with at least 70% marks. b) be not less than 21 years and not more than 26 years of age as of 01/04/2018. c) have passed the written test with at least 60% of marks. d) be willing to pay a deposit of Rs. 2.5 lakh, to be refunded on completion of probation & training. If the candidate satisfies (a)-(d) he/she would be referred to as Engineer. However, if the candidate satisfies all the above, except: (i) at (a), has appeared for final semester exam; result yet to be declared; has 75% average marks up to the seventh semester; would be referred as Project-Engineer. (ii) at (a), has done diploma in engineering with 75% of marks, would be referred as Asst. Engineer. (iii) at (d), is willing to pay Rs. 1.5 lakh as a security deposit, would be referred to as Engineer-Trainee. (iv) at (b), even if age is above 26 years as of 1/4/18, but with 3 years of experience, would be referred as a Senior-Engineer. Pranita has completed her B. E. in electronics with 71% of the marks. She also has cleared the written tests with 75% of the marks. She is 22 years old as of May 2018. She is willing to pay a security deposit of Rs. 1.5 lakh. For which position will she be referred?
Study the following information carefully to answer the question given below. Following are the qualifications and conditions for certain posts in a “XYZ” company, The candidate must: a) be an engineering graduate with atleast 70% marks. b) be not less than 21 yrs and not more than 26 years of age as on 01/04/2018 c) have passed the written test with at least 60% of marks d) be willing to pay a deposit of Rs. 2.5 lakhs, to be refunded on completion of probation & training If the candidate is satisfied with (a)-(e) would be referred as Engineer. (i) at (a) but appeared final semester exam result yet to be declared with 75% average marks up to seventh semester be referred as Project-Engineer (ii) at (a) but has done diploma in engineering with 75% of marks be referred as Asst. Engineer (iii) at (d) be willing to pay Rs. 1.5 lakhs as security deposit he referred as Engineer-Trainee (iv) at (b) even if age above 26 years age as on 1/4/18 but with 3 years of experience be referred as Senior-Engineer Fatima is 28 years now in July 2018. She has completed B-E in information technology with 86% of marks. She has passed written test with 73% of marks. She is willing to pay Rs. 2.5 Lakhs of security deposit. She also had an experience of 3 years in the relevant field. For which position she will be referred? 
Defining green banking is relatively easy. It means promoting environment -friendly practices and reducing your carbon footprint from your banking activities. This comes in many forms : using online banking instead of branch banking; paying bills online, opening up CDs (certificates of deposit) and money market accounts at online banks instead of large multi-branch banks. A green bank takes the biggest steps to support local green initiatives. Any combination of the above personal banking practices can help the environment. In this respect, online banks and smaller community banks have better track records than larger banks .However, these larger banks may be induced to go green . According to the passage, larger, multi -branch banks .
Mohan deposit certain amount in bank saving account for 6 year which give simple interest of x% annually and invest same principle in fix deposit for 2 year which gives interest rate 10% and compounded annually, total interest he get from saving account to fix deposit in the ratio of 6 : 7, if bank provide (x + 3)% rate annually on saving account deposit, then difference of interest arise Rs.7,500 between saving account and fix deposit after respective time period, what amount he invest in fix deposit?
Which of the following statements are true in context of Statutory Liquidity Ratio (SLR)?
1. They are regulated under Banking Regulation Act 1949.
2. It is mandatory for all scheduled commercial banks, local area banks, Primary (Urban) co-operative banks (UCBs), state co-operative banks and central co-operative banks in India to maintain the SLR.
3. Banks get a return on SLR.
In the question below are given four statements followed by four conclusions numbered I, II, III and IV. You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts. Statements: Some police stations are hospitals. Some hospitals are schools. All hospitals are banks. Conclusions: I. Some banks are schools II. Some police stations are banks. III. Hospitals which are schools are also banks. IV. Schools which are banks are also hospitals.
Statement : Many private sector banks have reduced interest rate on housing loans in comparison to public sector banks.

Courses of Action :
I. The case should be raised before the regulatory authority for investigation by the public sector banks as they cannot follow such reduction.
II. Public sector banks must adopt such policy to remain in competition.
III. The public sector banks should advertise their special feature repeatedly so that they do not lose their future customers.
Reserve Bank of India controls the activities of which of the following banks in India?
1. Commercial banks
2. Cooperative banks
3. Foreign banks
4. Rural banks
Reserve Bank of India controls the activities of some of the following banks in India:
1. Commercial Banks
2. Cooperative Banks
3. Foreign Banks
4. Rural Banks