0
Banks earn profits from lockers by two ways:
- Each customer is charged an annual fee for holding the locker with the bank. The amount will vary with the size of a locker. For Ex: In India you will be charge approximately Rs. 1000/- per year for the smallest locker available and the amount can be as high as Rs. 25000 or even more for large sized ones
- Apart from this, banks expect you to maintain a fixed deposit depending on the size of the locker. So for the small locker you'll be asked to put up a deposit of Rs. 25000 and the amount could be as high as Rs. 5 lakhs or even more for the large sized lockers.
What else can I help you with?
Merchants who took risks to earn high profits?
Entrepreneurs were merchants who took risks in the hope of high profits.
Are earn profits from Stocks ever taxed?
Profits from stocks & shares are classed as taxable income - and must be declared to the tax man.
Do you earn interest on stocks?
Yes, you can earn interest on stocks through dividends, which are payments made by companies to their shareholders as a portion of their profits.
How can a person earn 500 dollars?
visit http://www.make500dollarsfast.com to learn how to earn more. more profits with no websites, traffic, no selling, no products, and no inventory
How banks use the money that people deposit?
Loans & of course they earn interest on it.
How do credit card companies earn profits?
Credit card companies earn profits by charging interest.
Which statements is true about profits in a monopolistically competitive market?
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
Why companies undersubscribed shares?
to earn profits
How do banks make money on mortgages and what are the key strategies they use to generate profits from this financial product?
Banks make money on mortgages by charging interest on the loans they provide to borrowers. They also earn fees for services like loan origination and servicing. Key strategies banks use to generate profits from mortgages include managing interest rate risk, diversifying their loan portfolios, and securitizing mortgages to sell to investors.
Merchants who took risks to earn high profits?
Entrepreneurs were merchants who took risks in the hope of high profits.
Can a monopoly earn economic profits in the long run?
Yes
Does dentist earn profits?
yes, they dont work for free!
Is it true that entrepreneurs earn profits?
Some, but majority don't
What is the use of assets to earn income or profits called?
investment
Can a monopoly earn economic profits in the short run?
yes it is
Why do businesses operate when not earning profits?
so that they can build up their systems so they earn more that then anables them to gain profits
In general monopolistically competitive frims earn profits?
The general monopolistically competitive firm does earn profit. They earn point about as much as oligopolies.
