In India if you deposit cash greater than Rs. 50,000/- you need to provide your PAN Card details. If you deposit cash greater than Rs. 10,00,000/- (Ten Lacs) then you need to provide the source of income for the money.
Why passbooks not given to time deposit holders in banks?
Banks mobilize deposits by making finances and by investing in various financial markets. Basically deposit mobilization is related to the creation of credits. The banks would have special campaigns where they would interact with a lot of people and invite them to make deposits with their bank.
A number of banks and other institutions currently offer no-deposit home loans in Australia. One of the biggest and most popular banks to offer this loan type is RAMS.
One may apply for a no deposit mortgage by visiting banks which have no deposit mortgages and talking to bank staff about applying for a no deposit mortgage.
The banks loan out the money on deposit at higher rates of interest than they pay the depositors. Since most people keep their savings on deposit for long periods, the banks are able to do this. If everyone came at once and asked for their money, the bank would fail.
The rains didn't deposit anything. But the annual floodings deposited rich silt on the banks of the nile, making the land real fertile.
banks deposit
Why passbooks not given to time deposit holders in banks?
Banks deposit
Banks mobilize deposits by making finances and by investing in various financial markets. Basically deposit mobilization is related to the creation of credits. The banks would have special campaigns where they would interact with a lot of people and invite them to make deposits with their bank.
not if the deposit is in cash
The main thing the Fed does is that it is the Bank that Banks deposit their money in.
Deposit-taking institutions take the form of commercial banks; savings and loan associations and mutual savings banks; and credit unions.
Yes & No. Some Banks usually pay interest that can be compounded every quarter on most fixed deposit plans. But, this is not applicable to all banks. Most banks still pay only simple interest on all deposit schemes.
A number of banks and other institutions currently offer no-deposit home loans in Australia. One of the biggest and most popular banks to offer this loan type is RAMS.
One may apply for a no deposit mortgage by visiting banks which have no deposit mortgages and talking to bank staff about applying for a no deposit mortgage.
The role of deposit money bank in nation