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Banks are to ensure that each depositor's money is safe in their custody. That each depositor avail the sipulated interest rates on their deposits. The banks should be always at their service to meet up their day to day banking needs and they are satisfied by the services rendered by the bank.In brief, each depositor gets due attention from their banker and this era of stiff competition, they may switch over to other bank if they are dissatisfied with the services of their existing banker.
What else can I help you with?
People who have money in a bank are called?
depositors
What insures depositors' savings from loss in case of a bank failure?
Depositors' savings are insured from loss in case of a bank failure primarily through the Federal Deposit Insurance Corporation (FDIC) in the United States. The FDIC protects individual depositors by insuring deposits up to $250,000 per depositor, per insured bank, for each account ownership category. This insurance helps maintain public confidence in the banking system, ensuring that depositors can recover their funds even if their bank fails. Similar insurance schemes exist in other countries, providing comparable protections.
People who have money in a bank are called what?
depositors
What are people that have money in the bank called?
Depositors.............Politicians :-)
What happens during a bank panic?
depositors rush to the bank to withdraw all deposits
What was the term for when nervous depositors rushed to their bank to withdraw their savings before the bank failed?
Bank runs
What does a bank do to guarantee that it can pay back depositors' money?
bankrupt
Many depositors withdrawing money at once?
bank run
How does icici bank receive money from depositors?
Poda patty
What is a run on the bank?
It can happen that the depositors lose confidence in a banks ability to look after their money. if this happens in a big way most of the depositors demand the money they have in their accounts. this is known as a run on the bank. No bank can withstan a run on it without outside assistance.
People who have money in the bank are called?
they are called depositors because they deposit their money in the bank. they are also called bank clients.
What is the difference between banking and a bank?
a stock bank is owned by its shareholders, who bought stock in the bank.a mutual bank is owned by its depositors, who have accounts with the bank.
