What is the difference between stash and fixed deposit?
I am actualy doing my MCA project.
My project is in SQL Server 2005 and Informatica.Im doing a 'Banking sector Analysis Project'.I want to create report base on fixed deposit,reserves and Loan.I dont know what benevolent of Report that i want to create.You own any belief something like it?
Answers:
Inorder of ur debit amount vary sunshine by year when u receive deposit the intrerest plus builds surrounded by Savings,
In fixed, it is a fixed interest to ur debit amount that ur produce as a fixed deposit , it vary individual when the term of years vary.
saving acc, is a moment ago an explanation where on earth you "save" (deposit) you extra money (most promising from constituent of your salary),afterwards you can cancel your money anytime,or even deposit extra money surrounded by your report anytime,similar to you might receive salary from someone by cheque, you may basically deposit the cheque surrounded by your description if you're not going to currency out.
Bank will supply you some interest(but totally low),divide surrounded by once a year cause. for example conceivably 3% once a year for the interest.
FD(fixed deposit), where you might enjoy a sum of money, that you're not going to utilise it ,voice conceivably surrounded by 3 months, or even longer interval of time. you may stretch out an fd explanation, contained by which the sum of money will be deposited, consequently inwardly undisputed spell of time(namely3 / 6 / 12 months or even longer), you wont repeal the money. after you can relish better interest rate. if you repeal the money out in the fixed extent of time, you will lately bring back the initial deposit amount, and no interest at adjectives.if truth be told this is the style for "forcing" those who can't control their spending to own a fixed abiding.
Loan- simple, as you're "borrowing" money from sandbank, consequently edge will charge you interest,unlike those "loanshark", hill's rate will be a bit lower.you will own to state the length oftime for the repayment time.close to how several years you're going to settle the loan.
saving , fixeddeposit fix deposit itself is saving , which may for unique length and same can be encashed on due date , but loan can be obtaind until that time due date
rates of inrest will varry , in abiding it will not be fixed depost , you may salvage surrounded by recuring accont you can hide away surrounded by positive portrayal you can put aside surrounded by current depiction
Savings a/c is fluctuating purely of match depends upon withdrawal/deposit. Fixed the permanent status itself exhibits it should be fixed (for a specific period) it will concede a better interest since bill is restrictd. U may extend even after old age date together near interest. U may foreclose even in the past the due date but the article is you will not go and get the interest as per the due date weighing up sice foreclosed.
Simple Difference
Long Term Saving and Earned Good Interest Rate = Fixed Deposit ( Around Interest Rate >9% p.a depends upon the bank)
Business purposes and Individual expenses purposes = Saving A/c ( Around Interest Rate 4% p.a depends upon the bank).
If you own a morethan 50000 you enjoy to choose FD A/C
Other knowledgeable you can start the Saving Account.
At any you can transfered the fund from SB TO FD.
saving is the amount you are accumulate after dealing beside your middle-of-the-road expenses.surrounded by the other words anything you are earn from that you are abiding some amount for wet days.
whereas fixed deposit is the finances where on earth you are putting your hoard to grow,i.e. a characteristics of investment.
in short first you enjoy to store than invest.
Savings Bank Account is a running commentary wherein you can deposit and repeal any time by have some min. go together gone surrounded by your story.
I n covering of Fixed Deposit,an fixed amount have to be deposited for pre-fixed extent,you will return with the amount next to interest on old age date.
Savings tale is an rationalization within which
1)the funds are accesible at any point of time.
2)there is an atm card facility and cheque book facility and internet bank facility.
3)According to RBI guidelines a party get an interest on the set off that he mentains at the 3.50%
4}It is open beside an intention to facilitate safekeeping and securith of money as powerfully as accessibility of the funds.
Fixed deposits
1}are a contract to cut from a one amount of money for a faddy duration for which the bank salary a righteous rate of interes.
2}It is open near the intention of making an investment
3}it is a secured form of investment.
4}fixed deposits can be widespread or cumulative standard will pay envelope out interes every month and cumulative will pay cheque out interest beside the later life amount.
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My project is in SQL Server 2005 and Informatica.Im doing a 'Banking sector Analysis Project'.I want to create report base on fixed deposit,reserves and Loan.I dont know what benevolent of Report that i want to create.You own any belief something like it?
Answers:
Inorder of ur debit amount vary sunshine by year when u receive deposit the intrerest plus builds surrounded by Savings,
In fixed, it is a fixed interest to ur debit amount that ur produce as a fixed deposit , it vary individual when the term of years vary.
saving acc, is a moment ago an explanation where on earth you "save" (deposit) you extra money (most promising from constituent of your salary),afterwards you can cancel your money anytime,or even deposit extra money surrounded by your report anytime,similar to you might receive salary from someone by cheque, you may basically deposit the cheque surrounded by your description if you're not going to currency out.
Bank will supply you some interest(but totally low),divide surrounded by once a year cause. for example conceivably 3% once a year for the interest.
FD(fixed deposit), where you might enjoy a sum of money, that you're not going to utilise it ,voice conceivably surrounded by 3 months, or even longer interval of time. you may stretch out an fd explanation, contained by which the sum of money will be deposited, consequently inwardly undisputed spell of time(namely3 / 6 / 12 months or even longer), you wont repeal the money. after you can relish better interest rate. if you repeal the money out in the fixed extent of time, you will lately bring back the initial deposit amount, and no interest at adjectives.if truth be told this is the style for "forcing" those who can't control their spending to own a fixed abiding.
Loan- simple, as you're "borrowing" money from sandbank, consequently edge will charge you interest,unlike those "loanshark", hill's rate will be a bit lower.you will own to state the length oftime for the repayment time.close to how several years you're going to settle the loan.
saving , fixeddeposit fix deposit itself is saving , which may for unique length and same can be encashed on due date , but loan can be obtaind until that time due date
rates of inrest will varry , in abiding it will not be fixed depost , you may salvage surrounded by recuring accont you can hide away surrounded by positive portrayal you can put aside surrounded by current depiction
Savings a/c is fluctuating purely of match depends upon withdrawal/deposit. Fixed the permanent status itself exhibits it should be fixed (for a specific period) it will concede a better interest since bill is restrictd. U may extend even after old age date together near interest. U may foreclose even in the past the due date but the article is you will not go and get the interest as per the due date weighing up sice foreclosed.
Simple Difference
Long Term Saving and Earned Good Interest Rate = Fixed Deposit ( Around Interest Rate >9% p.a depends upon the bank)
Business purposes and Individual expenses purposes = Saving A/c ( Around Interest Rate 4% p.a depends upon the bank).
If you own a morethan 50000 you enjoy to choose FD A/C
Other knowledgeable you can start the Saving Account.
At any you can transfered the fund from SB TO FD.
saving is the amount you are accumulate after dealing beside your middle-of-the-road expenses.surrounded by the other words anything you are earn from that you are abiding some amount for wet days.
whereas fixed deposit is the finances where on earth you are putting your hoard to grow,i.e. a characteristics of investment.
in short first you enjoy to store than invest.
Savings Bank Account is a running commentary wherein you can deposit and repeal any time by have some min. go together gone surrounded by your story.
I n covering of Fixed Deposit,an fixed amount have to be deposited for pre-fixed extent,you will return with the amount next to interest on old age date.
Savings tale is an rationalization within which
1)the funds are accesible at any point of time.
2)there is an atm card facility and cheque book facility and internet bank facility.
3)According to RBI guidelines a party get an interest on the set off that he mentains at the 3.50%
4}It is open beside an intention to facilitate safekeeping and securith of money as powerfully as accessibility of the funds.
Fixed deposits
1}are a contract to cut from a one amount of money for a faddy duration for which the bank salary a righteous rate of interes.
2}It is open near the intention of making an investment
3}it is a secured form of investment.
4}fixed deposits can be widespread or cumulative standard will pay envelope out interes every month and cumulative will pay cheque out interest beside the later life amount.