Term Deposit. 10.2.1. term deposit, limits the access of the depositor to the amount placed at the deposit account for the period determined by the agreement. The depositor cannot withdraw amount or add amount to the initial balance.
Term Deposit i This account is based on the Shariah principle of Commodity Murabahah (Commodity Trade with disclosed cost and profit).
Term Deposit. 7.1. The Customer hereby agrees that no Term Deposit shall be cashed before its maturity. The Bank may, however, at its own discretion consider the payment of a Term Deposit before its maturity and in which case the interest rate applicable will be the prevailing rate for the period for which the Term Deposit has actually been held with the Bank less a penalty fee as stated in the Bank ’s Tariffs and Commissions.
Term Deposit. 2.1 I understand that deposit(s) in foreign currencies will be effected on the value date, which shall be the same day as the Placement Date. Instructions to withdraw whether partially or in full, or to make changes to the tenure or currency of a deposit must be given prior to the maturity date of the deposit. I agree that any deposit(s) to be made by me in foreign currencies with you will be subjected to such minimum amount and such minimum tenure as you may from time to time determine to be applicable to such currencies.
Term Deposit. The Licensee(s) agree to secure the said locker with such amount in form of a term deposit (as mentioned in above table) as may be prescribed by RBI from time to time at the time of locker allotment by the bank.
Term Deposit an amount of money that customers deposit at OCB for a certain period of time as agreed between the customer and OCB on the principle of fully returning principal and interest to customers.
Term Deposit
