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 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.
Savings deposits subject to no more than three trans- fers per month for purposes of covering overdrafts (i.e., overdraft protection plan accounts).
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 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 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, by way of a running account for personal needs of an individual and Trust or Association of Person (If so qualify) , 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; Basic banking account “ No Frills Account” will be opened under this scheme and will carry the same rate of interest as a normal saving account however certain stipulation on maintenance of minimum balance, concessional tariff rates is offered under this scheme .
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; "Term Deposit" means a deposit received by the Bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits
Savings deposits means a form of demand deposit. The bank does not restrict the number of withdrawals