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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.

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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Simple Interest

In the world of finance, one of the fundamental concepts is simple interest. It involves multiplying the interest rate by the principal amount and the number of periods. Unl...

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Receipt

A vital document demonstrating an investor's deposit to a bank, known as a certificate of deposit. It provides essential information such as the deposited amount, interest p...

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Bank fixed deposits

Bank fixed deposits, also known as bank term deposits, refer to the funds collected by banks from investors for a predetermined period. This serves as a primary source of ra...

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