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What does deposit mean with the bank?
to pay in money (from anselem peter.c)
What does dda mean in ATM transfer to dda number?
DDA stands for demand deposit account. It is a bank account in which you can deposit and withdraw money. A form of a demand deposit account is a checking account.
What is mean RD in banking?
RD stands for Recurring Deposit. A Recurring Deposit is a special type of bank account wherein the customer will deposit a small amount of money regularly every month. Banks will offer higher interest rates than the usual savings or current accounts because the customer will not withdraw the money until the deposit matures.
Do banks create money?
If you mean to make money, no. The government produces the money that is used. Banks are just institutions that are used by people to deposit money, get loans, and to invest in various areas of business. Alone they do not produce money.
Where do you deposit 25000000?
It depends on what you mean by "25000000". Are we talking $25,000,000.00, $250,000.00, american, european, money, turds... what? If it's money, I'll be glad to take it off of your hands ;-p
What does deposit mean with the bank?
to pay in money (from anselem peter.c)
What does less cash received mean on a banking deposit slip?
The amount out of the check that you are receiving in cash.
What does deposit amt mean?
trying to make an account online to see how much money i have in the bank and i dont know what it is
What does redeem your house mean?
If you are purchasing your house with a loan or mortgage then you do not actually own it, the title deeds are in the name of and held by the person or organization lending you the money. You can redeem your house by paying off this mortgage and thus gaining ownership of the deeds of title to the house.
What does dda mean in ATM transfer to dda number?
DDA stands for demand deposit account. It is a bank account in which you can deposit and withdraw money. A form of a demand deposit account is a checking account.
What does pim mean on a hsbc bank statement?
Paying In Machine - Mostly used at HSBC Regards
What is mean RD in banking?
RD stands for Recurring Deposit. A Recurring Deposit is a special type of bank account wherein the customer will deposit a small amount of money regularly every month. Banks will offer higher interest rates than the usual savings or current accounts because the customer will not withdraw the money until the deposit matures.
What does MOD balance mean?
money on deposit . It is not money on deposit. It is "Multi Option Deposit" which means: you can decide upon the money going to Fixed Deposit for the minimum amount you set for your account. For instance: You have 50000 in your account. In normal scenario, you will be getting interest on the above amount as per saving bank interest rate. But in case you have MOD account, you can decide that what ever amount is surplus of 10000, it goes into MOD balance and for those amount, you get a interest rate as you get incase of Fixed deposit.
Do banks create money?
If you mean to make money, no. The government produces the money that is used. Banks are just institutions that are used by people to deposit money, get loans, and to invest in various areas of business. Alone they do not produce money.
What does putting down a deposit mean?
Putting down a deposit means making an initial payment to secure a product or service. It often indicates a commitment to completing a purchase or reservation, with the remaining payment due at a later date. Deposits are typically non-refundable in case of cancellation or default.
Where do you deposit 25000000?
It depends on what you mean by "25000000". Are we talking $25,000,000.00, $250,000.00, american, european, money, turds... what? If it's money, I'll be glad to take it off of your hands ;-p
How does money in my account benefit the bank. does it mean the bank is richer?
The money you deposit into your account is an obligation for the bank to be paid to you anytime you want. The bank would lend this money to its other customers and earn an interest income from it.
