Savings deposits definition

Savings deposits means a form of demand deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the Bank during any specified period;

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Savings deposits means all deposit liabilities denominated in Sri Lanka currency other than demand deposits, time deposits and special deposits as defined above.

Savings deposits means a form of demand deposit, which is meant to encourage people to save money and collect their savings.

Examples of Savings deposits in a sentence

A Section 401(k) Contribution is made in lieu of all or a portion of such Participant’s After-tax Savings deposits into the Trust Fund under Section 4.2 of the Plan.
Savings deposits (futsu yokin) in Japanese yen and in certain foreign currencies approved by the Bank will be handled in the Savings Account.
Savings deposits shall be subject to such rules and regulations as may be adopted from time to time by the Board of Directors of this Association.
Failure to make timely Pay Day Savings deposits shall incur additional penalties against the employer notwithstanding any rights and remedies available under this Agreement, as determined and mutually agreed upon by the Union and NFSA in a side letter to be completed no later than December 31, 2014.
Savings deposits, interest bearing demand deposits and non-interest bearing demand deposits accounted for 42% of total average deposits during 1996.

More Definitions of Savings deposits

Savings deposits means a form of interest bearing demand deposit which is a deposit account whether designated as “Savings Account”, “Savings Bank Account”, “Savings Deposit Account”, “Basic Savings Bank Deposit Account (BSBDA)” or other account by whatever name called which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the Bank during any specified period;

Savings deposits means a form of demand deposit which is subject to restrictions on number of withdrawals and amounts as decided by the banks during any specified period. These deposits combine features of both current account deposits and fixed/term deposits. These deposits carry interest as decided by the respective banks. Normally interest on Savings Deposits is less than fixed deposit interest rates. Banks have discretion to introduce special schemes with insurance coverage and other benefits to the specified group of customers with or without additional charges depending on the scheme terms and conditions. Savings Deposit customers are allowed to withdraw deposit amount by way of withdrawal/cheque. As per RBI guidelines, no bank should open Saving Deposit account in the name of

Savings deposits means a form of demand deposit, which is subject to restrictions as to the number of withdrawals permitted by the Bank during any specified period as also restrictions on the eligibility to open such accounts by individuals or certain organisations and others as permitted by RBI from time to time.

Savings deposits means a form of demand deposit, which is subject to restrictions as to the number and amount of withdrawals permitted by the Bank during any specified period as also restrictions on the eligibility to open such accounts.

Savings deposits means an interest bearing demand deposit which is subject to restrictions as to the number of by RBI. Interest rate on such accounts is decided by the Bank from time to time. Now, Banks have been given the

Savings deposits means a form of demand deposit. The bank does not restrict the number of withdrawals & amounts of withdrawals during anyspecified period. The bank will give the notice to the depositor, if such restrictions are introduced in future.

Savings deposits means a form of Demand Deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the Bank during any specified period; "Term Deposit" means a deposit received by the Bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits