If you made a deposit on a property, you should get something in return to make it a valid contract. This could mean the property was held for a while to give you time to sign a lease. But if you changed your mind immediately, you would not have been given a return and you should get your money back.
Interest paid on public deposits is lower than that paid on debentures and bank loans. Moreover, no underwriting commission, brokerage, etc. has to be paid. Interest paid on public deposits is tax deductible which reduces tax liability. Therefore, public deposits are a cheaper source of finance.
Can you get your deposit back if you change your mind?What time does direct deposit?
In short, you can expect a direct deposit to arrive in your bank account between 12 a.m. and 6 a.m. on the day your employer sends them out.
How much money we can deposit in bank without tax?
Cash deposits in bank accounts: CBDT has made it mandatory for a bank or a cooperative bank to report cash deposits aggregating to Rs 10 lakh or more during a financial year, in one or more accounts (other than a current account and time deposit) of a person.
What happens if you deposit someone else’s check?
As long as the phrase ‘for deposit only’ is present on the check, or it is endorsed with the signature of the payee, you shouldn’t be faced with any problems when depositing this check for someone else. This will be bank-dependent since individual banks will make their own policies.
What means time deposit?
What is a time deposit? A time deposit is similar to a savings account but more appropriately described as a type of investment account where you keep your savings for a set amount of time. In other words, the funds are held for a fixed period, and the depositor is allowed to make many withdrawals as per bank policy.
What is the interest rate on 50000 fixed deposit?
The monthly interest on a ₹50,000 fixed deposit in a bank normally ranges from 3 percent to 6 percent every month. Bajaj Finance FDs have attractive interest rates of up to 7.60%. The interest rates offered in a bank’s savings account are typically in the range of 2.7 percent to 5%.
Does a deposit secure a price?
In broad summary, a deposit is a guarantee of the buyer’s performance of the contract, whereas a part-payment is exactly that: a part-payment of the price.
What is the 5 year fixed deposit rate?
Best FD Rates for 5 years
Bank/Company
Regular Interest Rates (per annum)
Senior Citizen Interest Rates (per annum)
Citibank FD
3.50%
4.00%
HDFC Bank FD
5.70%
6.20%
IDFC First Bank FD
6.00%
6.50%
Learn about deposit in this video:
Can I get direct deposit without a bank account?
If you want direct deposit, but don’t have a bank account, you may be able to get a prepaid debit card and have the money deposited onto it. Some online payment systems and apps can also receive direct deposits.
Can you get your deposit back if you change your mind?How do bank deposits work?
Bank deposits are a savings product that customers can use to hold an amount of money at a bank for a specified length of time. In return, the financial institution will pay the customer the relevant amount of interest, based on how much they choose to deposit and for how long.
What is deposit account in bank?
A deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below.
