Common use of Insurance of Deposits Clause in Contracts

Insurance of Deposits. A portion up to One Hundred Thousand Turkish Lira of the saving deposit accounts in Turkish Lira and the gold deposit and foreign exchange deposit accounts, classified as saving deposits, opened by a natural person in the local branches of the Bank is covered by insurance pursuant to and under the “Regulation on Insurable Deposits and Participation Funds and on Premiums to be Collected by Saving Deposits Insurance Fund”.

Appears in 3 contracts

Samples: www.akbank.com, www.akbank.com, www.akbank.com

AutoNDA by SimpleDocs

Insurance of Deposits. A portion up to One Hundred Thousand Turkish Lira of the saving deposit accounts in Turkish Lira and the gold deposit and foreign exchange deposit accounts, classified as saving deposits, opened by a natural person in the local branches of the Bank is covered by insurance pursuant to and under the “Regulation on Insurable Deposits and Participation Funds and on Premiums to be To Be Collected by Saving Deposits Insurance Fund”.

Appears in 1 contract

Samples: Banking Services Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.