## Does Standard Chartered have fixed deposit?

With Standard Chartered, you get an option to open recurring deposits for a tenure as short as a year . You can open fixed deposits online seamlessly through online banking, within a few minutes. Banks also deduct tax at source (TDS) at the rate of 10% if the interest income for the year is more than Rs 10,000.

**How is interest calculated on fixed deposits per month?**

- A fixed deposit (FD) is a type of term investment offered by several banks and NBFCs.
- There are two types of FD that you may avail of – simple interest FD and compound interest FD.
- M = P + (P x r x t/100), where –
- For example, if you deposit a sum of Rs.
- M= Rs.
- = Rs.
- M= P + P {(1 + i/100) t – 1}, where –

**How is fixed deposit interest calculated?**

This method is an easy one. It is calculated by multiplying the principal, rate of interest and the time period. The formula for Simple Interest (SI) is “principal x rate of interest x time period divided by 100” or (P x Rx T/100).

### What is reinvestment deposit in Standard Chartered?

Reinvestment Term Deposit: a) Interest for each completed quarter is calculated considering each quarter as 90 days and year as 360 days (90 days x 4 quarters). b) Interest for the last quarter is calculated on the basis of actual number of days considering the year as 365 days.

**Which bank has the highest interest rate for fixed deposit?**

Which Bank has Highest Fixed Deposit Rate? The highest interest rate is by Sing Investments and Finance which offers an interest rate of 0.65% p.a. for 18 months tenure and funds of $10,000 and above.

**What is the interest rate for a fixed deposit?**

Bank FDs offer low interest rates, but Corporate FDs will always give you a high rate of interest. The difference generally lies between 1 percent to 4 per cent. Corporate FDs generally pay 4% to 9% interest rates. Also, the lock in period as compared to bank FDs are of less tenure and interest rates paid are flexible.

#### Does interest on NRE fixed deposit is taxable?

Any interest that you earn from your NRE or NRO account or even Fixed Deposits for that matter is taxable . And you must not forget to include the same while your US taxes. The same is applicable for any dividends that you earn.

**What is TDs on fixed deposit?**

Highlights

https://www.youtube.com/watch?v=xfQJiUlryPk

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