What are demand deposits what are its features
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What are demand deposits what are its features - quite
Features and Benefits Enjoy attractive interest rates For details on interest rates for fixed deposits ranging from 7 days to 10 years, click here for Enjoy attractive interest rates Start a fixed deposit with minimum investment Rs. For Rupee Term Deposits of a contracted amount less than Rs. However, for Rupee Term Deposits closing within 14 days from the date of booking of the deposit, the interest rate will be the rate applicable for the period the deposit has remained with the bank or the contracted rate, whichever is lower.
For subsequent partial withdrawals, Premature Closure Penalty Rate will be applicable on the entire withdrawal amount. However, for Rupee Term Deposits closing within 14 days from the date of booking of the deposit, the interest rate shall be https://ampeblumenau.com.br/wp-content/uploads/2020/02/archive/comics/why-is-my-facebook-comment-grey.php rate applicable for the period the deposit has remained with the bank or the contracted rate, whichever is lower. For Rupee Term Deposits of a contracted amount of Rs. This would also be applicable to Rupee Term Deposits closing within 14 days from the date of booking of the deposit. Read More Transfer funds seamlessly between accounts Move funds from a Savings Account to a Fixed Deposit to earn higher interest Avail automatic rollover facility Only on principal: Only principal is rolled over and interest is credited to a designated account or paid out.
On principal and interest: Both deposit and interest accrued for the same tenure at the interest rate applicable on maturity date. Read More Method of calculation of interest rates on your Fixed Deposits For Fixed Deposits with tenure of 6 months and above, interest is calculated on a quarterly basis Interest earned during the previous quarter is added to the principal for calculation of interest.
In the unfortunate event of the death of one of the holders, this will be required, to enable Axis Bank to pay the maturity proceeds prematurely to the survivor. 
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