Introduction:
In our country, bank institutions play a vital role for overall economic growth of the country. People save their money by depositing in banks and banks collect their funds which are investing in further investment. Banks collect their funds with various types of deposits. In our study, we discussed about fixed deposit scheme and deposit pension scheme. Here, we see that both types of deposits’ have different interest rate in different banks. When a fixed amount of funds are deposited on a bank against a rate of interest for a certain period is known as fixed deposit scheme. On the other hand, when deposits are occurred on monthly payment basis for a certain period against a rate of interest is known as deposit pension scheme. The rate of interest is varying not only among the nationalized banks but also among the private banks. There exists difference between the offered return and the actual return that the banks provide to the depositors. Because different charges are included on deposits like excise duty, tax, levy etc.
Keywords:
EAR, Deposit, Net Return, Schemes, Graphical presentation, data labels.
Objectives:
1. Associated with the different deposit schemes of several banks.
2. Knowing about the EAR of different deposit schemes.
3. Realizing the differences between public and private banks regarding the rate of return.
4. Evaluating the customer experience.
Limitations:
1. Hindrance to get the internal data.
2. Miss-match of common offerings to compare as a whole.
3. Some data uploaded was a quiet different in common format.
Methodology:
1. Bank Survey.
2. Collection of data.
3. Performing various calculations.
4. Accumulating all the data.
5. Comparison of
