Savings deposits definition

Savings deposits means a form of demand deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the Bank during any specified period;

Savings deposits means all deposit liabilities denominated in Sri Lanka currency other than demand deposits, time deposits and special deposits as defined above.

Savings deposits means a form of interest bearing demand deposit which is a deposit account whether designated as “Savings Account”, “Savings Bank Account”, “Savings Deposit Account”, “Basic Savings Bank Deposit Account (BSBDA)” or other account by whatever name called which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the Bank during any specified period;

Examples of Savings deposits in a sentence

• Savings deposits (includes MMDAs)....................................................................................................................b.

• Savings deposits (including accounts commonly known as money market deposit accounts (MMDAs)).

• Savings deposits include money market deposit accounts (MMDAs) and other savings deposits.

• Savings deposits subject to no more than three trans- fers per month for purposes of covering overdrafts (i.e., overdraft protection plan accounts).

• Savings deposits subject to telephone and preautho- rized transfers where the depositor is not permitted or authorized to make more than three withdrawals per month for purposes of transferring funds to another account or for making a payment to a third party by means of preauthorized or telephone agree- ment, order, or instruction.

More Definitions of Savings deposits

Savings deposits means a form of demand deposit, which is meant to encourage people to save money and collect their savings.

Savings deposits means a form of demand deposit, which is subject to restrictions as to the number of withdrawals permitted by the Bank during any specified period as also restrictions on the eligibility to open such accounts by individuals or certain organisations and others as permitted by RBI from time to time.

Savings deposits means a form of demand deposit, which is subject to restrictions as to the number and amount of withdrawals permitted by the Bank during any specified period as also restrictions on the eligibility to open such accounts.

Savings deposits means a form of demand deposit which is subject to restrictions on number of withdrawals and amounts as decided by the banks during any specified period. These deposits combine features of both current account deposits and fixed/term deposits. These deposits carry interest as decided by the respective banks. Normally interest on Savings Deposits is less than fixed deposit interest rates. Banks have discretion to introduce special schemes with insurance coverage and other benefits to the specified group of customers with or without additional charges depending on the scheme terms and conditions. Savings Deposit customers are allowed to withdraw deposit amount by way of withdrawal/cheque. As per RBI guidelines, no bank should open Saving Deposit account in the name of

Savings deposits means a form of Demand Deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the bank during any specified period; HDFC provides with saving bank account with the usual facilities, and one also gets a free ATM card, intrbranch banking, bill payment facilities, phone banking and mobile banking.

Savings deposits means a form of demand deposit. The bank does not restrict the number of withdrawals & amounts of withdrawals during any specified period. The bank will give the notice to the depositor, if such restrictions are introduced in future.

Savings deposits means an interest bearing demand deposit which is subject to restrictions as to the number of