Deposits Video Lecture | Corporate & Other Laws for CA Intermediate
|
39 videos|62 docs
|
FAQs on Deposits Video Lecture - Corporate & Other Laws for CA Intermediate
| 1. What are the different types of deposits accepted by banks in India? |  |
Ans. Banks in India accept various types of deposits, including Savings Accounts, Fixed Deposits (FD), Recurring Deposits (RD), and Current Accounts. Each type serves different purposes, with Savings Accounts offering liquidity, Fixed Deposits providing higher interest rates for longer tenures, Recurring Deposits allowing regular savings, and Current Accounts catering to businesses with frequent transactions.
| 2. How is interest calculated on Fixed Deposits? | |
Ans. Interest on Fixed Deposits is calculated based on the principal amount, tenure, and the applicable interest rate provided by the bank. It is typically compounded quarterly and paid out at maturity or periodically, depending on the bank's policies. The formula used is: Total Interest = Principal × Rate × Time.
| 3. What are the advantages of having a Savings Account? | |
Ans. A Savings Account offers several advantages, including easy access to funds, the ability to earn interest on the deposited amount, and features like online banking and ATM access. It also encourages saving habits, provides safety for funds, and often allows for limited monthly withdrawals without penalty.
| 4. Can a minor open a bank account, and what are the requirements? | |
Ans. Yes, a minor can open a bank account, typically under the supervision of a parent or guardian. The requirements usually include the minor's birth certificate or school ID, the parent or guardian's identification proof, and a passport-sized photograph. Some banks offer special accounts tailored for minors.
| 5. What is the difference between a Fixed Deposit and a Recurring Deposit? | |
Ans. A Fixed Deposit (FD) involves depositing a lump sum amount for a fixed tenure at a predetermined interest rate, while a Recurring Deposit (RD) allows individuals to save a fixed amount regularly (monthly) over a specified period. FDs generally offer higher interest rates compared to RDs, making them suitable for one-time investments.
Related Exams
About this Video
|
4.86/5 Rating |
|
Nov 19, 2024 Last updated |
Video Description: Deposits for CA Intermediate 2024 is part of Corporate & Other Laws for CA Intermediate preparation.
The notes and questions for Deposits have been prepared according to the CA Intermediate exam syllabus.
Information about Deposits covers all important topics for CA Intermediate 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Deposits.
Introduction of Deposits in English is available as part of our Corporate & Other Laws for CA Intermediate for CA Intermediate & Deposits in
Hindi for Corporate & Other Laws for CA Intermediate course. Download more important topics related with notes, lectures and mock test series for
CA Intermediate Exam by signing up for free.
Description
Video Lecture & Questions for Deposits Video Lecture | Corporate & Other Laws for CA Intermediate - CA Intermediate full syllabus preparation | Free video for CA Intermediate exam to prepare for Corporate & Other Laws for CA Intermediate.
Information about Deposits
Here you can find the meaning of Deposits defined & explained in the simplest way possible.
Besides explaining types of Deposits theory, EduRev gives you an ample number of questions to practice Deposits tests,
examples and also practice CA Intermediate tests.
|
39 videos|62 docs
|
|
Explore Courses for CA Intermediate exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
video lectures
,Important questions
,Objective type Questions
,Semester Notes
,Free
,shortcuts and tricks
,Deposits Video Lecture | Corporate & Other Laws for CA Intermediate
,Viva Questions
,Summary
,Deposits Video Lecture | Corporate & Other Laws for CA Intermediate
,ppt
,Deposits Video Lecture | Corporate & Other Laws for CA Intermediate
,past year papers
,MCQs
,Sample Paper
,practice quizzes
,study material
,Previous Year Questions with Solutions
,Exam
,mock tests for examination
,Extra Questions
;
Study Deposits on the App
Students of CA Intermediate can study Deposits alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Deposits,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Deposits is prepared as per the latest CA Intermediate syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup