Presentation is loading. Please wait.

Presentation is loading. Please wait.

* It is an account where the depositor deposits fixed amount of funds at regular intervals of time. * The interval can be month, quarter, 6 months, or.

Published byPatricia Lynch Modified over 8 years ago

Similar presentations

Presentation on theme: "* It is an account where the depositor deposits fixed amount of funds at regular intervals of time. * The interval can be month, quarter, 6 months, or."— Presentation transcript:

1

2 * It is an account where the depositor deposits fixed amount of funds at regular intervals of time. * The interval can be month, quarter, 6 months, or 1 year * Interest rate is calculated on the amount deposited * After a specified duration, the depositor receives a lump-sum amount

3 * A recurring deposit can be opened at a bank, or post office * Formal documents such as PAN card, residential proof, identity proof, etc. are required to open the account * RD account can be opened for a period of less than 6 months, to the maximum period of 10 years

4 * There are several advantages of opening online recurring deposit; a few are listed below: online recurring deposit  Fixed monthly investment option  Fixed duration of investment  Fixed interest rate  TDS not applicable  Flexibility of investment

5 * Resident individuals * Hindu Undivided Families * Private & Public Limited Companies * Trust & Societies

6

Download ppt "* It is an account where the depositor deposits fixed amount of funds at regular intervals of time. * The interval can be month, quarter, 6 months, or."

Similar presentations

Prashant Sawant 9820408795 Mumbai.. When did RBI nationalised ?  1946  1935  1949  1936.

Prashant Sawant Mumbai.. When did RBI nationalised ?  1946  1935  1949  1936.
Copyright © 2008 Pearson Education Canada 7-1 Chapter 7 Interest.

Copyright © 2008 Pearson Education Canada 7-1 Chapter 7 Interest.
True/False Credit unions do not provide insurance for their depositor’s savings.

True/False Credit unions do not provide insurance for their depositor’s savings.
What is Interest? Interest is the amount earned on an investment or an account. Annually: A = P(1 + r) t P = principal amount (the initial amount you borrow.

What is Interest? Interest is the amount earned on an investment or an account. Annually: A = P(1 + r) t P = principal amount (the initial amount you borrow.
Annuity Dr. Vijay Kumar

Annuity Dr. Vijay Kumar
Warm up You took out a loan for $1460 and the bank gave you a 5 year add on loan at an interest rate of 10.4%. How much interest will you pay and how much.

Warm up You took out a loan for $1460 and the bank gave you a 5 year add on loan at an interest rate of 10.4%. How much interest will you pay and how much.
Chapter 5 Mathematics of Finance

Chapter 5 Mathematics of Finance
Introduction   Business Scenario Finacle CBS Process Overview Key Terminologies Step by Step Process Demonstration Summary.

Introduction   Business Scenario Finacle CBS Process Overview Key Terminologies Step by Step Process Demonstration Summary.
User training – Deposit Products Thursday, March 12 14:30 - 16:00.

User training – Deposit Products Thursday, March 12 14: :00.
Financial Algebra © Cengage Learning/South-Western 9/30/20149/30/2014 Warm-Up Sam deposits $4,000 into a CD that is continuously compounded. The CD pays.

Financial Algebra © Cengage Learning/South-Western 9/30/20149/30/2014 Warm-Up Sam deposits $4,000 into a CD that is continuously compounded. The CD pays.
Types of deposit accounts Saving deposit;- Savings deposit account is meant for individuals who wish to deposit small amounts out of their current income.

Types of deposit accounts Saving deposit;- Savings deposit account is meant for individuals who wish to deposit small amounts out of their current income.
Welcome.

Welcome.
Lesson 5-2 Savings Accounts

Lesson 5-2 Savings Accounts
15/08/2014PTC, Mys-101.1.1 Time Deposit. SB-3 and Pay in slip to be filled in The following documents are compulsory – One copy of recent photograph –

15/08/2014PTC, Mys Time Deposit. SB-3 and Pay in slip to be filled in The following documents are compulsory – One copy of recent photograph –
3.6 – Mathematics of Finance

3.6 – Mathematics of Finance
Encash Your Fixed Deposits Are You Happy with just 2% on Single Premium ? Your Customers are Ready to pay more for A special service.

Encash Your Fixed Deposits Are You Happy with just 2% on Single Premium ? Your Customers are Ready to pay more for A special service.
Savings Schemes at a Glance 1.3.11 Welcome. SAVING SCHEMES—AN OVERVIEW Savings Bank is an important agency work of DOP. A large percentage of revenue.

Savings Schemes at a Glance Welcome. SAVING SCHEMES—AN OVERVIEW Savings Bank is an important agency work of DOP. A large percentage of revenue.
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 17 SLIDE 1 17-1 17-1Banks and Other Financial Institutions 17-2.

© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 17 SLIDE Banks and Other Financial Institutions 17-2.
11-1 Investments and Polynomials Big Idea When amounts are invested periodically and earn interest from the time of investment, the total value can be.

11-1 Investments and Polynomials Big Idea When amounts are invested periodically and earn interest from the time of investment, the total value can be.
Checking Accounts. What is a Checking Account? 1.A checking account is a sum of money that you deposit in a bank or other financial institution, to hold.

Checking Accounts. What is a Checking Account? 1.A checking account is a sum of money that you deposit in a bank or other financial institution, to hold.

Similar presentations

Ads by Google