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The meaning of a Term Deposit in banking is referring to a savings account or a certificate of deposit. This particular savings account or certificate of deposit pays at a fixed rate of interest until given a maturity date.
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What is a corporate banking?
Corporate banking is banking services that are designed for businesses. These products will require larger deposits in order to avoid fees.
Is there a difference between time deposits and term deposits?
Tim deposits is usually a term they use in Europe and the US. <a href="http://en.wikipedia.org/wiki/Term_deposit">Time Deposit article from Wikipedia</a> Term deposits is what they call them in Australia and New Zealand. <a href="http://mozo.com.au/term-deposits">Term Deposits</a> in Australia.
What do the bank do with the deposite which they accept from the public?
(A) Long term deposits (B) Short term deposits (C) Only Call deposits (D) Medium term deposits (E) All of the above
What describes a fractional reserve banking system?
A banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals.
What is mt in banking term?
the term mt in banking means money transfer
What kind of tenure periods are offered under investment term deposits?
Investment term deposits have flexible tenure periods with the facility of online and phone banking.
Why is it important to knowinteger rules in terms of making deposits and withdrawals in banking?
It is important to know the rules when making deposits and withdrawals when banking, so fees are not accrued.
What is a corporate banking?
Corporate banking is banking services that are designed for businesses. These products will require larger deposits in order to avoid fees.
What is the meaning of Mobilization of deposits in banking?
It means campaigning and collecting customer deposits. for ex: a bank may have a campaign with advertisements and gifts to attract deposits. That is called mobilization of deposits
Is there a difference between time deposits and term deposits?
Tim deposits is usually a term they use in Europe and the US. <a href="http://en.wikipedia.org/wiki/Term_deposit">Time Deposit article from Wikipedia</a> Term deposits is what they call them in Australia and New Zealand. <a href="http://mozo.com.au/term-deposits">Term Deposits</a> in Australia.
What do the bank do with the deposite which they accept from the public?
(A) Long term deposits (B) Short term deposits (C) Only Call deposits (D) Medium term deposits (E) All of the above
Responsibilities of marketing department in banking?
Increasing the business of deposits and credit !
What describes a fractional reserve banking system?
A banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals.
What is mt in banking term?
the term mt in banking means money transfer
What is the definition of cooperative bank?
Co-operative banking is a retail and commercial banking organized on a co-operative basis. Co-operative banking institutions take deposits and lends money.
What describes the requirements banks must meet under a fractional reserve banking system?
banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals.
What accurately describe the requirements banks must meet under a fraction reserve banking system?
Banks must keep a specific percentage of deposits on hand.A banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals.
