Notice Deposits definition

Notice Deposits means funds placed with the Bank and, amongst other terms are redeemable on, depending on the agreed terms of such deposit, 24 or 48 hours’ notice by the Customer to the Bank;
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Examples of Notice Deposits in a sentence

  • However, if we do not change the interest rate then the original rate will continue to apply.Interest rates on Money Market Notice Deposits are reviewed daily.

  • Notice Deposits are investments with a maturity period of less than 12 months and earn interest rate varying from 7.45% to 8.1% per annum.

  • These accounts generally carry minimum balance that must be maintained to earn interest.8. Special Notice Deposit (50228) Balances of Special Notice Deposits (i.e., deposits held for 7 days to 89 days), which are withdrawable on special notice, should be reported in this code.

  • Others AccountsMudaraba Short Notice Deposits National Bank Ltd.46,168 44,449Mercantile Bank Ltd.127,389 172,487Southeast Bank Ltd.94,358,750 -Social Islami Bank Ltd.5,199,790 -Dhaka Bank Ltd.7,990,750 -Bangladesh Commerce Bank Ltd.8,076,123 -Dutch-Bangla Bank Ltd.8,304,514 1,097,118AB Bank Ltd.323,602 -Islami Bank (BD) Ltd.34,603,271 857,829 159,030,357 2,171,883 Fakhrul Islam Securities Ltd.

  • Among different types of deposits of the Islamic banking industry, Mudaraba Term Deposits (MTD) secured the highest position (45.85 %) followed by Mudaraba Savings Deposits (MSD) (19.59%), Other Deposits (16.58%), Mudaraba Special Savings (pension/profit) Deposits(7.48%), Mudaraba Special Notice Deposits (5.30%), Al-Wadeeah Current Account Deposits (4.59%), Mudaraba Savings Bond (0.41%) and Mudaraba Hajj Deposits (0.20%) during January- March 2023 [Chart-2.1].

  • If the closing of the sale of the Property to the Purchasing Party occurs, then Purchase Notice Deposit or, if applicable, the Pro Rata Deposit Amounts of the Purchase Notice Deposits not returned pursuant to Section 3.6(e)(iii) shall be applied towards the Purchase Price at closing.

  • Fixed deposit schemes ensure higher rate of return on their deposit. Special Notice Deposits- Special Notice Deposits account has the facility to unlimited transaction.

  • Under Mudaraba, most Islamic banks have the following deposit scheme:▪ Mudaraba Savings Deposits (MSD)▪ Mudaraba Short Notice Deposits (MSND) and▪ Mudaraba Term Deposits (MTD)One of the uniqness of Islamic banking system is that Islamic banks do not directly deal with money rather they run business with money.

  • We can change the interest rate on Money Market Notice Deposits for the final 31 day period prior to the withdrawal date.

  • Among different types of deposits of the Islamic banking industry, Mudaraba Term Deposits (MTD) secured the highest position (45.73%) followed by MudarabaSavings Deposits (MSD) (19.52%), Other Deposits (16.20%), MudarabaSpecial Savings (pension/profit) Deposits (8.86%), Mudaraba Special Notice Deposits (4.93%), Al- Wadeeah Current Account Deposits (4.00%), Mudaraba Savings Bond (0.56%) and Mudaraba Hajj Deposits (0.20%) during July-September 2021.

Related to Notice Deposits

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

  • Deposits means all deposits (as defined in 12 U.S.C. § 1813(l)) that are held by any Seller or any of its Affiliates in connection with the Business, in each case, in the name or for the benefit of any clients or customers under the Appointments solely in their capacity as clients or customers of the Business and including any such deposits received by any Seller from and after the date hereof through the close of business on the Closing Date.

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Redirection Notice shall have the meaning assigned to such term in Section 14(c).

  • Collection Point means the collection point for the Vehicle specified in the Confirmation and/or Rental Agreement;

  • Demand deposits means a deposit received by the Bank which is withdrawable on demand;

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • deposits townsite means the townsite to be established on or near the mining areas pursuant to this Agreement;

  • special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC