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Deposit.(Amount in Savings can be withdrawn anytime with a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 |
What in external debt economy?
What is Finance Function
What Is Iloc (irrevocable Letter Of Credit)?
any political view
What is Leverage Ratio?
What do you know about direct and indirect taxes in India?
What is the central monetary authority of india?
What are the advantages of leasing for the lessee?
Have you ever been advised by a fellow employee or supervisor to lie about a situation? How did you handle this ethical dilemma?
What is equity?
How Does The Stress Test Account For Non-performing Loans?
What strengths and experiences do you have that support your career aspirations?
Business Administration (517)
Marketing Sales (1279)
Banking Finance (3209)
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)