IDFC FIRST Bank offers different types of deposits such as fixed deposits, recurring deposits, NRI fixed deposit and much more. Open a deposit account today!
AFixed Depositis a type of deposit that is ideal for conservative investors. A Fixed Deposit account is one where you deposit or put away a sum of money for a specific tenure with the bank. You earn interest on the fixed amount for the term of the deposit. You can choo...
are a type of timed deposit account. You open the account with one deposit that you can’t access until the CD matures at the end of its term length, which is typically between one month and five years (or longer).7At the end of the term, you can withdraw the funds penalty-free (p...
Checking accountsare used for everyday spending. The key features of this type of bank account are a linked debit card you can use for purchases or ATM withdrawals, as well as check-writing abilities. The account type also allows you to deposit cash or checks and pay bills. Most banks now...
There are lots of things you can do with your money: You could deposit all of it into a checking account so you can spend and make deposits easily and often; you could split your money among different types of accounts to earn interest or dividends from investments; or you could cash you...
basic savings bank deposit account (bsbda) and the other one is basic saving bank deposit accounts small scheme(bsbds) the savings bank account is mostly eligible for students, pensioners and working professionals current account the second type of bank account is the current bank account. these...
The interest rate structure is often more complex and might be higher than theAnnual Percentage Yield (APY)of a traditional savings account. Certificate of deposit (CD) Acertificate of deposit (CD)is often considered an alternative to a savings account. However, CDs are often suited to long-te...
2. Savings account A savings bank account is a regular deposit account, where you earn a minimum rate of interest. Here, the number of transactions you can make each month is capped.Banks offer a variety ofSavings Accountsbased on the type of depositor, features of the product, age or pur...
The interest rate is fixed when you open the account, so you'll earn that amount on your deposit over the whole term. If you need to withdraw early, you'll typically pay a fee and need to close your account. That makes CD accounts best for money you've already saved and have a ...
From there, you may be able to choose from these types of bank accounts: 1. Checking Account Think of a checking account as a homebase account that you use to pay your bills and expenses. Usually, the money youdeposit into a checking accountis there on a short-term basis. You might de...