FIXED INCOME PRODUCTS ;
Deposit:
Deposits serve as medium of saving and as a means of payment and are a very important variable in
the national economy. A bank basically has three types of deposits, i.e. time deposit, savings deposit and
current account.
Fixed Deposit:
Fixed Deposits are sums accepted by most of the NBFCs and banks. The amount of deposits
that may be raised by NBFCs is linked to its net worth and rating. However, the interest rate that may be offered
by a NBFC is regulated by RBI. The deposits offered by NBFCs are not insured whereas the deposits accepted
by most banks are insured upto a maximum of `1,00,000.