Want this question answered?
Sperm bank.
Type your answer here... when will my pension be put in my bank
Bank deposits come under this category, provided the bank is insured.
A checking account.
Time Deposits or Fixed Deposits are a type of account which you open under the agreement with the bank that the money will be deposited with the bank for a fixed duration of time. As a result, the bank offers you a higher rate of interest. Though you can withdraw money early from this deposit account, banks will charge you a penalty because you are breaking an agreement which was offering you a higher rate of returns.
Example: you, a debtor, owe me $10,000. I owe you $5,000. I can set off my debt to you, meaning that you cannot collect the $5,000 I owe you. Your debt to me is reduced to $5,000. The most common type of setoff involves a bank. Your deposits in a bank constitute the bank's obligation to you. If you owe the bank $100,000, and the bank has $5,000 in deposits from you, it can zap your $5,000, and now you owe the bank $95,000.
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.
YesShikshak Sahakari Bank Ltd, Nagpur is a scheduled cooperative bank. Individual Deposits upto Rs.1,00,000/- (Rupees One Lakh Only) would be insured in such type of banks.
It depends on the type of account you hold with the bank. Ex: Savings account: 3-4% Current account: 0% Fixed or Time Deposits: 7-9%
3
Many Types
a bank shot in golf, the term "making bank" refers to making alot of money or a profit. A Bank is where you go to make tranfers, deposits, etc... anything on money.