Why passbooks not given to time deposit holders in banks?
The deposit base represents the average number of customer deposit accounts available to a bank for investment at any given time. These are advantageous to banks for offering them a dependable source of income for investments and lending and a strong customer loyalty base.
I calculate the interest rate should be given for 4 month saving deposit
Because there is no telling how many customers would want to withdraw their money from their bank accounts on any given day. Banks use the deposit money to lend loans and makes a profit. If they lend too many loans, they may not have money to meet withdrawal demands. So banks have to maintain their liquidity position in a strong way.
Hello
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.
Log ID is the Customer ID in Syndicate Bank. For SB account holders it is available in their Passbooks. For others, when they apply for Internet Banking, along with Instant Log in Password, Log ID will be given.
When they deposit money
Land Grants given to property holders in Spain
Land Grants given to property holders in Spain
The deposit base represents the average number of customer deposit accounts available to a bank for investment at any given time. These are advantageous to banks for offering them a dependable source of income for investments and lending and a strong customer loyalty base.
Banks are incorporated under banking companies act but while as NBFC are incorporated under company act of 1956....Banks can issue cheques on its name but while as NBFC cannot do so.....Banks can accept deposit from general public contrary Nbfc cannot do the same.
Earnest.
I calculate the interest rate should be given for 4 month saving deposit
jackolanterns
A CD refers to a Certificate of Deposit. It is a certificate given to you by a bank for depositing cash with them. They would pay you an interest for having the deposit with them.
Because there is no telling how many customers would want to withdraw their money from their bank accounts on any given day. Banks use the deposit money to lend loans and makes a profit. If they lend too many loans, they may not have money to meet withdrawal demands. So banks have to maintain their liquidity position in a strong way.
yes