Bulk Deposit definition

Bulk Deposit means single Rupee term deposits of ` 1 crore and above;
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Bulk Deposit means Single Rupee term deposits of Rupees two crore and above.
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Bulk Deposit means single Rupee term deposits of Rupees fifteen lakh and above.
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Examples of Bulk Deposit in a sentence

  • While Investing in Fixed Deposits, the benefit of Bulk Deposit rates shall be considered.

  • In order to access this function, the user has to right click on the a specified guarantee and select Bulk Deposit Modify.

  • In case of loan/overdraft facility of Rs.1 Crore and above against the Bulk Deposit, necessary due diligence shall be ensured by the branches and offsite monitoring should be done at the BS&IC Section, Circle Office (Loans of less than Rs.10 Crore sanctioned against a bulk term deposit) and OTM Cell, Inspection Wing, Head Office (Loans Rs.10 Crore & above).

  • As per RBI Master Direction on Interest Rates on Deposits, "Bulk Deposit" is defined as “Single Rupee term deposit of 2 Crore and above” w.e.f 12.03.2019 The rate of interest for Bulk Deposits is decided by the Asset Liability Committee of the Bank, who has been delegated with such powers by the Board of the Bank.

  • Bulk Deposits, a deposit containing a high volume of checks, may be processed as a Bulk Deposit meaning funds are deposited immediately based on the total provided and are verified by the close of that business day.


More Definitions of Bulk Deposit

Bulk Deposit means single rupee term deposit of Rupees two crore and above.
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Bulk Deposit means Single Rupee term deposits of Rupees one crore and above.
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Bulk Deposit means single Rupee term deposits of Rupees two crore and above. Differential interest rate may be offered to bulk deposit by the bank.
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Bulk Deposit means Single Rupee term deposits of Rupees two crore and above and includes both callable and non-callable deposits.
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Bulk Deposit means: Single Rupee term deposits of Rupees two crore and above. Further it is clarified that multiple Deposits for one depositor in a single day irrespective of the tenor of deposits, amounting to Rs.2.00 crore and above will also be treated as Bulk Deposit. It can be callable or non-callable depending upon the request of the customer. The interest rate applicable to these deposits will be the ALCO approved rates on day to day basis.
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Bulk Deposit means Single Rupee term deposits of Rupees two crore and above for Scheduled Commercial Banks (excluding Regional Rural banks) and Small Finance Banks.
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Bulk Deposit means a single Rupee term deposit of rupees Two Crore & Above which shall be accepted by branches with prior permission from HO IMD through their Zones. If more than one Fixed Deposit accounts are opened in a single Customer Id (on same date) and the aggregate amount is more than 2 Crore, then entire deposit shall be deemed as Bulk Deposit and CBS will give alerts to the users accordingly.
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