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What else can I help you with?
Is your fixed deposit safe in a nationalised bank?
Yes. It is perfectly safe. A Nationalized bank in India is one that is owned by the government of India and the government is responsible for the money that is deposited into it. Even if the bank goes bankrupt, the government is bound to repay all the deposits that were held in the bank by customers.
Why is it important to find a safe bank to open a savings account?
Because, it is our hard earned money and if the bank fails or goes bankrupt, all the money we deposit with it is also gone. So it is always important to find a safe bank to open a savings account.
Can a bank freeze your safe deposit box if i go into foreclosure?
No. The Lender probably doesn't even know you have a safe deposit box.
How does the bank help the hospitality industry?
So the hospitality business can have a bank account to keep all money safe , which is going in and out of the business. Things like people wages and taxs and surppliers.
What is a cash drop?
when a business takes money out of their cash register to deposit it in the bank or put it in their safe.
Are there risks in a savings account?
There are no risks in a savings account. The bank is entitled to pay you the money you have saved in your account anytime you wish to withdraw it. Even if the bank goes bankrupt, the central banks of the corresponding country would be able to pay you off till a certail limit. For example in India if your bank goes bankrupt, the RBI would pay you till a limit of Rs. 1 lakh. Hence saving accounts are pretty safe.
Is it safe to freeze spinach?
Yes, it's safe.
what happens to a cd if a bank closes or go bankrupt?
Assuming that your CD is in a bank that is insured by the FDIC, and it is less than $100,000 ($250,000 temporary for now), you are protected. However, chances are that your bank may be taken over by a bigger one - this could result in the new bank honoring the CD until maturity. Either way, your assets should be safe.
Is viewpoint bank a real bank or just for online banking?
Viewpoint bank is mostly online, but they do have locations with ATMs, Coin Counters, Safe Deposit boxes, investment and mortgage offices, and business banking.
What is meant by the term safe bank?
Safe bank is a term to ensure that money in one bank is safe. The term safe bank can be related to the FDIC. Both of these terms have the same meaning.
What is a bank and who operates it?
banking is the business which involve accepting and safe guarding of money owned by the individual and other business entity and lending out this money in order to earn profit.
What is meant by night safe facilities?
A night safe allows firms, shopkeepers and other business people to make lodgements after normal banking hours. Customers who require this service are given a key that will open the safe without having to go inside the bank. The customer places the money in a special bag and deposits it in the safe. The next day, the customer goes to the bank, checks the entries and takes back the bag for further deposits in the safe. Business people receiving money in the evening or at weekends use the night safe. It avoids the risk of keeping money on business premises.
