Questions tagged [fixed-deposits]
The fixed-deposits tag has no usage guidance.
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How do I close my account in GNUCash
I am not a Accountant or GNUCash expert so I am seeking help. Let me set the stage. I am from India, here we have investment option called Fixed Deposit abbreviated as FD (in USA I think they call it ...
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Are demand and time deposit accounts really loans _to_ the bank?
Borrowers pay interest to borrowees any time they take out a loan.
The Government even pays interest when you "buy" it's notes and bonds.
Banks, too, pay interest to deposit holders. Does ...
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Should I liquidate existing fixed deposit for a higher interest rate?
The past 2 years, the Fixed Deposit rates were very low (~5.1 - 5.2 roi for 1-2 years) during which I had created multiple fixed deposits. However, with the rates on the rise now (6.75 for 1-3 years), ...
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Unusually inverted yield curve for time deposits
I found out the following time deposit rates of a bank:
I understand the meanings behind inverted yield curves. However, the rates seem very unusual to me: The 18-month rate is far lower than the 15-...
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Is fixed deposit a good option during COVID days? [duplicate]
In Aug 2020, I left my job and joined 3 years full-time post-grad program. So 1.5 years is already over. Leaving my job during COVID days made me concerned. So I felt I should have significant ...
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Is there any catch in life time free credit cards against fixed deposits?
Many banks have offerred me life time free credit cards because of my good credit score. However, there are some banks which did not offer any life time free credit card. However they offer credit ...
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Long-term stock investment spanning multiple generations
Is there any financial product that would allow someone to invest a sum X (once or maybe add funds periodically) in a single stock, an ETF or similar for a minimum period of time, say 100 years?
I'm ...
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How are banks able to offer high interest rates on foreign currency fixed deposits?
My bank offers foreign currency fixed deposits (FCFD) at a high rate of interest. What's the catch?
I know how the bank earns money on domestic currency fixed deposits: by loaning out the money or ...
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Advance Tax on Fixed Deposit Interest in India
Lets say a person makes 30,00,000 INR in a year. So he falls under 30% tax slab.
Lets say he also earns 1,20,000 INR from Savings Account Interest and FD Interest. This means, an additional tax of ...
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Fixed deposits in 10 banks vs Mutual Funds
This question is to be answered in terms of security of the money as well as how profitable the investment is.
Let's say a person is in India under 30% tax slab.
In India, FDs are more secure than ...
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