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FIXED DEPOSITBAJAJ FINANCE LIMITED AAA/Stable Rating by CRISIS | MAYA (Stable) Rating by ICRA Rate of Interest per annum valid up to 5 crore Tenure in monthsCumulative12 23 24 35 36 60Monthly7.80%

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What is fixed deposit and sdp?

Fixed deposit is a financial instrument where a sum of money is deposited in a bank for a fixed period of time at a fixed interest rate. SDP stands for Structured Deposit Product, which is a type of investment product that combines a deposit with an investment component.

Who is required to file fixed deposit and sdp?

Individuals, businesses, and other entities who hold fixed deposits or SDPs are required to file this information.

How to fill out fixed deposit and sdp?

To fill out a fixed deposit or SDP, one must provide information about the deposit amount, interest rate, maturity date, and any investment components.

What is the purpose of fixed deposit and sdp?

The purpose of a fixed deposit is to earn a fixed rate of interest on idle funds, while an SDP is used to combine a deposit with an investment component to potentially earn higher returns.

What information must be reported on fixed deposit and sdp?

Information such as deposit amount, interest rate, maturity period, and details of any investment components must be reported on fixed deposits and SDPs.

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