Term Deposit. 7.1. The Customer hereby agrees that no Term Deposit shall be cashed before its maturity. The Bank may, however, at its own discretion consider the payment of a Term Deposit before its maturity and in which case the interest rate applicable will be the prevailing rate for the period for which the Term Deposit has actually been held with the Bank less a penalty fee as stated in the Bank ’s Tariffs and Commissions.
Appears in 5 contracts
Samples: Consent Agreement, Consent Agreement, bankone.mu
Term Deposit. 7.16.1. The Customer hereby agrees that no Term Deposit shall be cashed before its maturity. The Bank may, however, at its own discretion consider the payment of a Term Deposit before its maturity and in which case the interest rate applicable will be the prevailing rate for the period for which the Term Deposit has actually been held with the Bank Bank, less a penalty fee as stated in the Bank Bank’s Tariffs and Commissions.
Appears in 3 contracts
Samples: bankone.mu, bankone.mu, bankone.mu
Term Deposit. 7.16.1. The Customer hereby agrees that no Term Deposit shall be cashed before its maturity. The Bank may, however, at its own discretion consider the payment of a Term Deposit before its maturity and in maturity. In which case the interest rate applicable will be the prevailing rate for the period for which the Term Deposit has actually been held with the Bank Bank, less a penalty fee as stated in the Bank Bank’s Tariffs and Commissions.
Appears in 2 contracts
Samples: bankone.mu, bankone.mu
