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
Variable Rate Fixed Term Deposit can be offered to existing clients as well as to new clients in the bank, both local and foreign.
Staggered Fixed Term Deposit can be offered to existing clients as well as to new clients in the bank, both local and foreign.
Increasing Fixed Term Deposit can be offered to existing clients as well as to new clients in the bank, both local and foreign.
Furthermoreб if the following day is (falls on) in the next reporting month, the payment shall be made not later than on the Banking Day preceding the payment day stipulated by the Term Deposit Agreement.
Interest - interest payable to the Depositor under and in accordance with the terms and conditions of the Agreement for the use of the 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 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;
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