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Bank Deposits

Future Value

. Compound interest is a powerful concept in finance. It refers to the interest earned not only on the original amount invested, but also on the accumulated interest over time. This results in exponential growth of the investment. The future value of an investment can be calculated by adding the original amount to the compound interest earned up to a specific future date. This is a crucial concept to understand when making financial decisions.

Co-operative banks

In today's financial landscape, we often hear about banks operating under a co-operative model of ownership. This refers to a structure where a group of individuals come toge...

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Nomination

Account holders often receive requests from banks to make nominations, a process where they select individuals to receive the money in their accounts in case of their passin...

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Know Your Client guidelines

It is essential for banks and other financial institutions to conduct thorough due diligence on their investors. This involves verifying the identity of the client and ensur...

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Simple Interest

In the world of finance, one of the fundamental concepts is simple interest. It involves multiplying the interest rate by the principal amount and the number of periods. Unl...

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