Sep 17 2014, 10:55 AM
QUOTE(iamkid @ Sep 17 2014, 10:46 AM)
Hi all taikors here, i have some questions. hope you guys can help (i nvr use fixed deposit before)
1. Will the interest rate change after i open the FD, when the OPR changes?
2. What is the difference between individual n non individual customer (saw this under min placement). I know non individual is like those doing business. IS there any benefit putting FD with non individual account?
Thanks!
will try to help.1. Will the interest rate change after i open the FD, when the OPR changes?
2. What is the difference between individual n non individual customer (saw this under min placement). I know non individual is like those doing business. IS there any benefit putting FD with non individual account?
Thanks!
1) interest rate for FD will be fixed for the duration u applied ie 4% for 6mths will be same untill FD matures regardless OPR changes.
2) non indvidual refer to partnership or more than 1 person (ie husband-wife). I dont think it applies to business (but i could be wrong).
I also dont think there are any extra benefits to do non individual account (maybe higher amount for higher interest rates)
awaiting other taikos to chip in.
cheers.
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