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Bank Deposits

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 ensuring that there is no potential for money laundering. This process is crucial in maintaining the integrity of the financial system and protecting the interests of both the institution and its clients.

Bank

Banks, as financial institutions, play a crucial role in the economy by accepting deposits from the public and providing loans and advances to individuals and businesses in ...

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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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Annual Yield

The effective annual rate of return considers the impact of compounding interest. Its significance lies in its ability to convert diverse interest rates into a comparable an...

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Repayment

When an investor puts their money into a fixed deposit, the repayment is the return of the original amount invested at the end of the agreed upon time period. This marks the...

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