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As you might already know, the main business for banks is accepting deposits and granting loans. The more the loans the banks disburse the more profit they make. Also, banks do not have a lot of their own money to give as loans. They depend on customer deposits to generate funds for granting loans to other customers. So a deposit mobilization scheme would encourage customers to deposit more cash with the bank and this money in turn will be used by the bank to disburse more loans and generate additional revenue for themselves.
What else can I help you with?
What does dep stands for in banking?
deposit, maybe
Can I deposit a Wells Fargo DPG check through mobile banking?
Yes, you can deposit a Wells Fargo DPG check through mobile banking.
Can I deposit a check that was emailed to me?
Yes, you can deposit a check that was emailed to you by using a mobile banking app that allows for remote check deposit.
Can you deposit an emailed check?
No, you cannot deposit an emailed check. You need to physically deposit a check at a bank or use a mobile banking app to deposit it electronically.
What is meant in by term deposits in banking?
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.
What does dep stands for in banking?
deposit, maybe
Can I deposit a Wells Fargo DPG check through mobile banking?
Yes, you can deposit a Wells Fargo DPG check through mobile banking.
What is DDA in reference to banking?
Demand Deposit Account
Can I deposit a check that was emailed to me?
Yes, you can deposit a check that was emailed to you by using a mobile banking app that allows for remote check deposit.
Can you deposit an emailed check?
No, you cannot deposit an emailed check. You need to physically deposit a check at a bank or use a mobile banking app to deposit it electronically.
What is meant in by term deposits in banking?
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.
How deposit important to a bank?
deposit is like food for banking body to keep it operative by way of using it .
Can you deposit a copy of a check?
Yes, you can deposit a copy of a check by using a mobile banking app to take a picture of the check and submit it for deposit.
What is a bankwill?
It is a new banking system where you can deposit checks by iphone.
What is conduct banking?
If a person is conducting banking, it means that they are performing a transaction. This could be a deposit, a withdrawal, or taking out a loan.
When was Operation Mobilisation created?
Operation Mobilisation was created in 1957.
Can I deposit a check by sending a picture of it to me?
Yes, you can deposit a check by sending a picture of it through mobile banking apps that offer remote deposit capture.
