Bank Deposits

Renewal of deposit

Deposit rollover is a common practice in the world of finance, where the depositor chooses to extend their deposit for a further period of time after the initial investment period has ended. This extension can either match the original time period or differ from it. Rather than withdrawing the deposit, it is simply rolled over to continue earning interest. This is a beneficial strategy for those looking to maximize their returns.

Related terms

Nomination

Understand the meaning and definition of Nomination in the context of stock market, trading, and investments.

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Simple Interest

Understand the meaning and definition of Simple Interest in the context of stock market, trading, and investments.

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Tax Deducted at Source

Understand the meaning and definition of Tax Deducted at Source in the context of stock market, trading, and investments.

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Demand deposits

Understand the meaning and definition of Demand deposits in the context of stock market, trading, and investments.

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Lender

Understand the meaning and definition of Lender in the context of stock market, trading, and investments.

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Savings bank account

Understand the meaning and definition of Savings bank account in the context of stock market, trading, and investments.

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