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ASHISH
CHITTY
NAGESWAR
DEVLEENA
SAIKAT
PRESENTED NIKHIL
NEHA
BY BALWINDAR
TANYA
RASHMI
SATYA
SAIKARUN
RAVI KIRAN
PRUDHVI
FIX YOUR MONEY TODAY
WE WILL FIX YOU
TOMMROW
Syndicate Bank was established in 1925 in Udupi,
With a capital of Rs.8000/-
Sri Upendra Ananth Pai, a businessman
Sri Vaman Kudva, an engineer
Dr.T M A Pai, a physician
Their objective was primarily to extend financial
assistance.
The bank collected as low as 2 annas daily under its
Pigmy Deposit Scheme started in 1928.
This scheme is the Bank's brand equity today and
the Bank collects around Rs. 2 crore per day under
the scheme.
Total business as per march 2017 is 4,67,626 cr.
INTRODUCTION
The minimum
Before 1992 Intr.
period of s is 7
rate was
days, maximum
stipulated by
period is 120
R.B.I.
months
WHAT IS FIXED DEPOSIT ???
TIME OF MATURITY
GET THE INTEREST
WITH PRINCIPAL
PERIODIC PAYOUT
ALSO AVAILABLE
Tax Deduction and Contains Where the interest paid per individual in excess
ofRs.10,000/-, bank has to deduct tax at source if the depositor has not
submitted Form 15H or 15G or certificate u/s 197(1) of the Income tax
Act,1961
Date of issue
The main contents
of Fixed Deposit Due date
Receipt
Amount
Rate of
TAX interest
DEDUCTION
Amount of
Period of
maturity
deposit
Maturity Value = P x (1 + Find Maturity ValueIf you have
r/n)^nt P = Principal invested Rs. 1,00,000 in a bank
Amount r = Rate of for 3 years with interest rate
Interest t = Number of of 5 %, that is compounded
Period n = Compounded half yearly
Interest Frequency
SOLE
INDIVIDUALS PROPRIETOR
SHIPS
WHO CAN
OPEN
ASSOCIATION
/
HUF SOCITIES/CL
UBS
LIMITED
COMPANIES
PREMATURE
WITHDRAWL
FACILITY
FIXED
SAFETY IN
RETURNS & DEPOSIT LIQUIDITY
FLEXIBILITY
OF TENURES BENEFITS
PREMATURE
LOAN UPTO 95% WITHDRAWL
AVAILABLE
5 61 to 90 days
INTEREST RATES ON DEPOSITS
05.50 05.00 05.00 05.00
BOB
HDFC
SBI
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