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 /Monthly Income Certificate / Quarterly Income Certificate etc.
Term deposit means a deposit received by the bank for a fixed period and which is withdrawable only after the expiry of the said fixed period and shall also include deposits such as Recurring/Cumulative/Annuity/Reinvestment deposits, Cash Certificates, and so on;
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
Examples of Term deposit in a sentence
If the maturity instruction for your GIC or Term Deposit is automatic renewal, you agree that these Terms and the new Confirmation we issue you at renewal of such GIC or Term Deposit will govern your renewed GIC or Term Deposit.
More Definitions of Term deposit
Term deposit means each deposit you place with us for a Term, including (without limitation)
Term deposit means money deposited for a fixed period of time.
Term deposit has the meaning given in the Funding and Distribution Policy.
Term deposit means a interest bearing deposit received by the bank for a fixed period and shall also include deposits such as Recurring /Cumulative
Term deposit means an interest bearing deposit received by the Bank for a fixed period and shall also include deposits such as Recurring/ Cumulative/ Annuity/ Reinvestment deposits and Cash Certificates. The payment of the maturity of the proceeds will usually be made by credit to the account of the deposit holder or by Demand Draft at the option of the term deposit holder(s). Minimum tenor of the deposit offered is seven days. The payout of interest on Term Deposits under Monthly Interest Certificate scheme, takes place at a discounted rate as prescribed under the IBA guidelines. The payout of interest for Quarterly Interest Certificate is applied on Simple Interest basis. Also for Term Deposits with tenure below 181 days, interest will be calculated on maturity at simple interest. In case of Monthly & Quarterly interest pay-out option, interest credit in the account will be done at Anniversary Month/Quarter (from the Effective Date of opening)
Term deposit means a deposit of money with a financial institution for a specified period, or for a specified period and then at call, in relation to which deposit the financial institution, instead of crediting a current account kept by the financial institution, issues a certificate of deposit or similar record of deposit;