Examples of Dollar Accounts in a sentence
They may be allowed to open not more than five Diamond Dollar Accounts with their banks.
For amounts exceeding USD 50,000 in US Dollar Accounts, anticipated profit is calculated daily at the rate of 1.25% p.a. If the number of debit transactions within a month exceeds 5, no profit is paid for that month.
We request you to open a Diamond Dollar Account/s in the name of the firm/company.
Exporter firms and companies maintaining foreign currency accounts, excluding EEFC accounts, with banks in India or abroad, are not eligible to open Diamond Dollar Accounts.
Expected profit on Savings Account1.50% p.a.1.00% p.a. – 1.25% p.a.Expected profit on Kids’ Saver Account2.00% p.a.1.50% p.a.Notes Profit is calculated daily on cleared funds less MVR 5,000 for Rufiyaa Accounts and less USD 1,000 for US Dollar Accounts at an anticipated rate of 1.50% p.a. and 1.00% p.a. respectively.
An Authorized Dealer Category-I bank in India may allow firms and companies who comply with the eligibility criteria stipulated in the Foreign Trade Policy of Government of India, in force from time to time and the directions as may be issued by Reserve Bank of India, from time to time, to open, hold and maintain Diamond Dollar Accounts (DDAs) in India subject to the terms and conditions of the DDA Scheme specified in Schedule II.
Interest on Cash Balances in CAM or CFIS Plans: No interest on the Canadian Dollar Accounts will be paid.
Unless you tell us otherwise by 11.00am on the Maturity Date for Euro or US Dollar Accounts, your Fixed Term Deposit will be renewed automatically for an equivalent term.
You are authorized to open or close My Digital Dollar Account(s), initiate Deposits (as defined below), Withdrawals (as defined below), effectuate Third-Party Transfers and Nexo Transfers (each as defined below), as well as take such other steps as are reasonable to carry out My Instructions (as defined below) (collectively, “Transactions”).
Under the Foreign Trade Policy 2004-2009, firms/companies dealing in purchase/sale of rough or cut and polished diamonds, diamond studded jewellery, with good track record of at least three years in import or export of diamonds with an annual average turnover of Rs. 5 crore or above during the preceding three licensing years (from April to March) are permitted to carry out their business through designated Diamond Dollar Accounts (DDAs).