Operative Account definition
Operative Account means the account maintained by the Account holder with the Bank in connection with the Eazzy loan transactions.
Operative Account means a current Account or a Savings Account opened with us. We also call this the “linked Account”;
Operative Account means specific account opened for corporate held with Axis Bank where money will move automatically from the Non- Operative Bank Account of corporate as per process flow.
Examples of Operative Account in a sentence
Those records in which appear operations of the Operative Account, shall be kept updated since the Signature Date of this Contract and until 5 (five) years after the termination of the same.
The opening and closure of a Fixed Term Deposit Account and any interest payments will be routed through the Operative Account.
Corporate will ensure that the cash collected and deposited in the Non Operative Account is not sourced from any of the activity(ies) mentioned below.
Customers can opt for standing instructions / Auto debit for payment of "Total bill amount" OR “Minimum Payment Due” from their linked Operative Account.