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Depositor

In the world of finance, those who entrust their funds to a bank are referred to as depositors. These individuals serve as the primary lenders, with the expectation of receiving their money back at the conclusion of the deposit period. In essence, depositors play a crucial role in the banking system by providing the necessary funds for financial institutions to operate and grow.

Nomination

Account holders often receive requests from banks to make nominations, a process where they select individuals to receive the money in their accounts in case of their passin...

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Tax-saving fixed deposits

Allow me to introduce you to a unique type of fixed deposit that offers a valuable tax break to investors. This deposit allows individuals to invest a certain amount of money...

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Renewal of deposit

Deposit rollover is a common practice in the world of finance, where the depositor chooses to extend their deposit for a further period of time after the initial investment ...

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Demand deposits

Deposit refers to the money that a bank receives from a customer, which can be withdrawn at any time by the customer. In banking terms, this is known as a demand deposit, as...

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