Deposit Accounts | lopol.org

Deposit Accounts

Bank Deposit Accounts - Types (Demand, Term, And Flexi Deposits)

Bank Deposit Accounts - Types (Demand, Term, And Flexi Deposits)
Deposits of banks are broadly classified into three categories: Demand deposit, Term deposits and Flexi deposit or also known as Hybrid deposit. 1. Demand Deposits Account: Demand deposits are repayable on demand by the customers. Current account deposits, Savings bank deposits and Call deposits are the examples of demand deposits.

Bank Deposit Accounts - Opening Aspects, Procedure and KYC

Bank Deposit Accounts - Opening Aspects and KYC
One of the primary function of a commercial bank is accepting deposits from public and in return, bank will give interest earnings for the deposited money to the account holder depending on the type of deposit accounts. It is a three part article, which will look into various aspects of deposit accounts, its operations, and types of deposit accounts, offered our commercial banks in India.

Bank Deposit Account - Operations and Different Types of Customers

Bank Deposit Account - Operations and Different Types of Customers
Operations of deposit accounts varies types of customers mainly individual customers and business customers. Accounts of individuals comprise a majority of the deposit accounts in Personal segment of most banks. Any individual who is a major and of sound mind can open a - Savings account and / or Fixed deposit accounts.

Meaning Of Banking

Meaning Of Banking
Banks as institutions which channel people's savings into productive loans and investments. Thus banking mainly refers to deposits and loans. A broader definition of banking is any financial institution that receives, collects, transfers, pays, exchanges, lends, invests, or safeguards money for its customers. Investment banks, financing companies, and money lenders are just some of the institutions that have engaged in banking.