Can a customer encash a fixed deposit receipt before the due date? Discuss.

Answer More Questions

1 year ago

Banking

In case a depositor requires the money before the due date, he or she makes a request to the bank for its payment. When the payment of fixed deposit is made before the due date, the depositor loses interest which is normally 1 % less compared to the rate applicable for the period.

5 5

Susmita Sah

Susmita Sah

Jan 16, 2022

More related questions

1. What are the main features of IDBI?

2. What are the functions of NABARD ?

3. What is the main objective of UTI ? What are the advantages which UTI offers for small investors?

4. What are the forms of financial assistance from state financial corporations?

5. Give the brief introduction of SIDBI.

6. Write a short note on Kisan Credit Card scheme.

7. Describe the functions of NABARD.

8. What is NABARD?

9. What is the role of the Reserve Bank in agricultural credit?

10. Describe the functions of the Reserve Bank regarding controlled monetary expansion.

11. Describe the Reserve Bank’s regulatory and supervisory functions relating to commercial banks.

12. Briefly discuss the advisory function of the Reserve Bank.

13. Does the Reserve Bank sell treasury bills? Discuss.

14. Write a short note on the Reserve Bank’s role in loan operations

15. State the meanings of Term Loan. Cash Credit and Borrowing Rate.

16. Enumerate the advantages of loans and advances raised from banks by business firms.

17. What do you understand by ‘secured loans’? Enumerate the types of securities generally required by banks for such loans.

18. Can we withdraw any amount in excess of the balance in current account? Discuss.

19. What are pay-in-slips?

20. Write short note on recurring deposit account.

21. Describe the procedure of opening and operating a current account.

22. Describe briefly the various modes of acceptance of deposits by banks.

23. Describe briefly the various modes of acceptance of deposits by banks.

24. Differentiate between primary and secondary functions rendered by bank.

25. Explain in brief the agency functions of a commercial bank.

26. What do you mean by discounting of bills by bank?

27. Explain cash credit facility allowed by banks to customers.

28. Differentiate between loans and advances.

29. What do you mean by bank overdraft? Explain the procedure for granting overdraft by bank?

30. Explain the methods of granting loan by bank.

31. How do commercial banks serve the business community in our country? Briefly explain.

32. What do you mean by non-banking services and agency services?

33. In what ways a bank may be helpful to (a) a retired pensioner, (b) a traveller and (c) a housewife

34. What type of services do banks provide as ‘Agent’ of customers? Mention any five services.

35. What are gift cheques?

36. Write a short note on the functions of commercial banks.

37. What do you understand by development banks?

38. What are co-operative banks?

39. Write a short note on Reserve Bank of India.

40. Do banks provide services other than accepting deposits and lending money? Discuss.

41. Describe the possible effects of suspension of banking activities

42. Explain the role of banking in modern society

43. Describe the services of a commercial bank to the business community.

44. Explain the utility of banking services to business.

45. What is ‘Cheque Discount’?

46. What is ‘Bill Purchase’?

47. What is ‘Bill Discount’?

48. What are the different types of Loans offered by Commercial Banks?

49. What are the different types of ‘Fixed Deposits’?

50. What are the different types of Loans offered by banks?

51. What do you mean by ‘cheque endorsing’?

52. What is Payday loan?

53. What do you mean by term ‘Usury’?

54. What ‘LIBOR’ stands for?

55. What is Charge-off?

56. What is Convertibility Clause?

57. What is Cost Of Funds Index (COFI)?

58. What do you mean by term ‘Loan Maturity’ and ‘Yield’?

59. What is ‘Availability Float’?

60. What ACH stands for?

61. What is the card based payments?

62. What are payroll cards?

63. How bank earns profit?

64. What is Line of credit?

65. What is home equity loan?

66. What do you mean by co-maker?

67. What is cashier’s cheque?

68. What is the difference between bank guarantee and letter of credit?

69. What is ILOC (Irrevocable Letter Of Credit)?

70. What is inter-bank deposit?

71. What is ‘Credit Check’?

72. What is ‘Credit-Netting’?

73. What is ‘Loan grading’?

74. What do you mean by ‘foreign draft’?

75. What is adjustment credit?

76. What is debt-to-Income ratio?

77. What is the difference between ‘Cheque’ and ‘Demand draft’?

78. What is negative Amortization?

79. What is ‘Amortization’?

80. What is ‘balloon payment’?

81. What is the ‘cost of debt’?

82. What are the different types of banking software applications are available in the Industry?

83. What is ‘Fixed’ APR and ‘Variable’ APR?

84. What is ‘prime rate’?

85. What is (APR) Annual Percentage Rate?

86. Do bank charge for ‘overdraft protection’ service?

87. What is overdraft protection?

88. What is ‘Crossed Cheque’ ?

89. What are the things that you have to keep in concern before opening the bank accounts?

90. What are the different ways you can operate your accounts?

91. What are the types of accounts in banks?

92. What is consumer bank?

93. What are the types of Commercial Banks?

94. What is commercial bank?

95. What is investment banking?

96. What is bank? What are the types of banks?

Questions Bank

View all Questions