In Time Deposit Accounts Clause Samples

In Time Deposit Accounts if the account is not closed until the end of working hours at the date of maturity, and if the end of new maturity coincides with a weekend holiday, and the Customer

In Time Deposit Accounts if the account is not closed until the end of working hours at the date of maturity, and if the end of new maturity coincides with a weekend holiday, and the Customer gives an instruction for deferment of this maturity to the first business day immediately thereafter, the account will be deemed to have been renewed for a new maturity and over the rate of interest valid in the Bank as of the maturity renewal date, but if the Customer does not give an instruction for renewal of maturity, the account will be deemed to have been renewed for the same maturity and over the rate of interest valid in the Bank as of the maturity renewal date.