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Can you use your time deposits with DBS bank for any credit facility?
Wiki User
∙ 8y ago
Yes surely. If you have a time deposit with DBS bank you can take a loan against the same. DBS Assetline is an instrument which allows you to take a secured loan against your deposits. You can get flexible terms of repayment plus there are no penalties on prepayment. Also it provides attractive interest rates and it is charged based on usage.
Wiki User
∙ 8y ago
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What is Overdraft facility?
when bank give loan to the people on credit for a fixed time period is called overdraft facility. we can withdraw more than than our bank bal.
What is meant by the term Bank CD?
Bank certificates of deposit (CD) refer to time deposits offered by banks, thrift institutions, and credit unions to their consumers. Essentially, they act as risk-free 'money in the bank'.
What is demand and time Liability?
'Demand Liabilities' include all liabilities which are payable on demand and they include current deposits, demand liabilities portion of savings bank deposits, margins held against letters of credit/guarantees, balances in overdue fixed deposits, cash certificates and cumulative/recurring deposits, outstanding Telegraphic Transfers (TTs), Mail Transfer (MTs), Demand Drafts (DDs), unclaimed deposits, credit balances in the Cash Credit account and deposits held as security for advances which are payable on demand. Money at Call and Short Notice from outside the Banking System should be shown against liability to others.Time Liabilities are those which are payable otherwise than on demand and they include fixed deposits, cash certificates, cumulative and recurring deposits, time liabilities portion of savings bank deposits, staff security deposits, margin held against letters of credit if not payable on demand, deposits held as securities for advances which are not payable on demand and Gold Deposits.
What are the type of risk involved in banking industry?
The two main risks for banks are: 1. Liquidity Risk - The risk that all customers who have deposits with the bank want to withdraw their deposits at the same time. No bank on earth can survive such a calamity 2. Credit Risk - The risk that customers who borrowed money from the bank would default on the repayments and not pay the money they owe the bank.
Why is a deposit considered liability for a bank?
Deposits are considered liabilities because the depositor could pull the money out at any time. The deposits are really a "loan" to the bank that the bank will have to pay out someday.
Why a deposit is considered a liability for a bank?
Deposits are considered liabilities because the depositor could pull the money out at any time. The deposits are really a "loan" to the bank that the bank will have to pay out someday.
Why is a deposit considered a liability for a bank?
Deposits are considered liabilities because the depositor could pull the money out at any time. The deposits are really a "loan" to the bank that the bank will have to pay out someday.
What time of day does the IRS send it's direct deposits to your bank?
Usually they send direct deposits in the evening.
Explain the measures of money supply in India?
MEASURES OF MONEY SUPPLY IN INDIAThe Reserve Bank of India defines the monetary aggregates as:Reserve Money (M0): Currency in circulation + Bankers' deposits with the RBI + 'Other' deposits with the RBI = Net RBI credit to the Government + RBI credit to the commercial sector + RBI's claims on banks + RBI's net foreign assets + Government's currency liabilities to the public - RBI's net non-monetary liabilities.M1: Currency with the public + Deposit money of the public (Demand deposits with the banking system + 'Other' deposits with the RBI).M2: M1 + Savings deposits with Post office savings banks.M3: M1+ Time deposits with the banking system = Net bank credit to the Government + Bank credit to the commercial sector + Net foreign exchange assets of the banking sector + Government's currency liabilities to the public - Net non-monetary liabilities of the banking sector (Other than Time Deposits).M4: M3 + All deposits with post office savings banks (excluding National Savings Certificates).
What are the various types of deposits in a private and nationalized bank?
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
What is the Maintaining balance for time deposits on land bank of the Philippines?
200,000.00
What is cash credit?
it ithe credit facility for working capital requirement and the interst is payable on the usge. it ithe credit facility for working capital requirement and the interst is payable on the usge. In cash credit facility you can take out money of fixed amount even you have no cash in your account and you have to pay in within a time limit.
