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Day 10: Fixed Deposit and Recurring Deposit and Formalities to open an account- Banking Awareness
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Banking Chronicle Guild
Banking Chronicle - "I Can And I Will" With Ankush Lamba, Kapil Kathpal & Niharika John Mehra

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thnkuuuuuuuuu so much sir plzzzz haath gode 🙏🙏🙏 k vinti h aapse class close mt krna 😐😞😞
sir if we have saving account in a bank and we want deposit a amount for fix time. what will we need open fixed deposit account for it
RAVI KUMAR
10 months ago
paisa in saving account bss
sir if we have saving account in a bank and we want deposit a amount for fix time. what will we need open fixed deposit account for it
Sir I open recurring account then what I can withdraw per month and get interest equivalent of fixed deposit.?
sir regular bases par lesson laiye nahi to time jyada nahi baega ap se vinti h hath jod kar...
  1. Daily Classes anking & Financial Awareness Banking Exams Kapil Kathpal


  2. * Credit & Risk Analyst (S.O. Post) in a Public Sector Bank. * 7 years Banking experience. Selected as SBI PO and also cracked IBPS PO * Appeared in UPSC Civil Services Mains (2017) Academics: Chartered Financial Analyst (C.F.A.) Masters in Commerce (Accounting & Business Statistics). Diploma in Treasury, Investment & Risk Management. JAIIB & CAIIB Follow me on Unacademy: https://unacademy.com/user/Zinni "RATE REVIEW & RECOMMEND" VERIFIED


  3. Daily Classes anking & Financial Awareness Banking Exams Kapil Kathpal


  4. Canara Bank PO& IBPS Clerk Daly News Analysis The Hindu&other 01 January- 201 5000+ Season 1 Current Affairs July to December 2018 Kapil Kathpal By Kapil Kathpal By Kapil Kathpal (Hindi) The Hindu Analysis: Daily Current Affairs January... 5000 MCQs Current Affairs: IBPS Clerk and Canara Bank PO Sure Shot 90% marks in General Awareness


  5. Functions Basic/Main functions Other Functions Acceptance of Deposits GrantingTraditional of Loans Modern Functions Functions


  6. Demand Deposit o Saving Account o Current Account Time Deposit Fixed Deposit Recurring Deposit


  7. Fixed Deposit A Fixed amount is deposited one time in the banlk for certain period of time. Interest is given on compounded quarterly basis. Premature withdrawal facility is available. Minimum & Maximum Tenure? Kail-Kathpal


  8. Recurring Deposits If one do not want to deposit a fixed amount and want that amount is deposited every month to an account and that could fetch the similar ROI as fixed deposit than RD account is opened. Lumpsum amount every month is deposited. Kopil-Kathpa


  9. Formalities to open an Account Know your customer Policy issued by RBI has defined mandatory formalities to open an account with any bank Submission of Proof of ldentity (POI) and Proof of Address (POA) together with a recent photograph. POA&POl are Officially valid documents (OVD) KapilKathpc


  10. Officially Valid Documents Passport, Driving License, Voter ID, PAN card, Aadhar Card issued by UIDAI & NAREGA card. If anyone is having POI &POA both on same ID than no need to submit two different OVDs. E-KYC is also done which is linked to Aadhar card. Kapil Kathpa


  11. A savings /fixed / recurring bank deposit account can be opened by a minor of any age hrough his/her natural or legally appointed guardian. Minors above the age of 10 years may be allowed to open and operate savings bank accounts independently, Kapil Kathpa


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