Term Deposit Account definition

Term Deposit Account means an interest-bearing bank deposit account that has a specified date of maturity. The funds in these accounts must be held for a fixed term and include the understanding that the depositor can make a withdrawal only by giving notice.

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Term Deposit Account means depending on the context, recurring deposit account or cumulative deposit account, in whatever nomenclature, opened and maintained at the Bank by any Customer who is a resident Indian.

Term Deposit Account means our Term Deposit – Verified, Term Deposit – Non verified accounts and Rural Bank ONE Term Deposit Account and ‘Term Deposit’ ‘account’ or ‘facility’ has the same meaning;

Examples of Term Deposit Account in a sentence

If, in exceptional circumstances and at our absolute discretion, we agree to break Fixed Term Deposit Account before its maturity we will charge you breakage costs in line with our breakage policy which is available from us upon request.
If you wish to amend the instructions for the renewal of a maturing Fixed Term Deposit Account we must be in possession of your amended instructions by not later than the instruction deadline (see term 2.13.4).
Each Fixed Term Deposit Account will receive interest at the rate applicable at the time of opening.
Requests to break a Fixed Term Deposit Account before maturity may be considered and be decided upon by us at our discretion, and will only be permitted in exceptional circumstances or in the event of your death (or, in the case of joint Accounts, the death of one of you).
The Bank has the right to demand the refund or debit the Term Deposit Account for any overpayment arising from such errors.

More Definitions of Term Deposit Account

Term Deposit Account means an account for which your interest rate is fixed for the investment term, provided you do not close the account before the Maturity Date.

Term Deposit Account means an account which is for a stated period of time at a fixed interest rate and from which, subject to the terms and conditions of the Account, monies may not be withdrawn during the term of the Account;

Term Deposit Account means banking account registered as a term deposit account;

Term Deposit Account means any term deposit account held by the Customer with the Bank.

Term Deposit Account means Your term deposit Account of either 3, 6, 12, 24, 36 or 60 months or any other period offered in the future.

Term Deposit Account means the banking account described in Clause G;

Term Deposit Account is a deposit account opened by customers at OCB according to a certain Term, managed on OCB's information technology system..