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As you might already know, the main business for banks is accepting deposits and granting loans. The more the loans the banks disburse the more profit they make. Also, banks do not have a lot of their own money to give as loans. They depend on customer deposits to generate funds for granting loans to other customers. So a deposit mobilization scheme would encourage customers to deposit more cash with the bank and this money in turn will be used by the bank to disburse more loans and generate additional revenue for themselves.
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What does dep stands for in banking?
deposit, maybe
What is meant in by term deposits in banking?
The meaning of a Term Deposit in banking is referring to a savings account or a certificate of deposit. This particular savings account or certificate of deposit pays at a fixed rate of interest until given a maturity date.
How deposit important to a bank?
deposit is like food for banking body to keep it operative by way of using it .
What is conduct banking?
If a person is conducting banking, it means that they are performing a transaction. This could be a deposit, a withdrawal, or taking out a loan.
Can you get direct deposit in your savings account?
Direct deposit to your savings account must be available from both your banking institution AND your employer. Virtually all banking institutions offer this service but smaller employees may not.
What does dep stands for in banking?
deposit, maybe
What is DDA in reference to banking?
Demand Deposit Account
What is meant in by term deposits in banking?
The meaning of a Term Deposit in banking is referring to a savings account or a certificate of deposit. This particular savings account or certificate of deposit pays at a fixed rate of interest until given a maturity date.
How deposit important to a bank?
deposit is like food for banking body to keep it operative by way of using it .
What is a bankwill?
It is a new banking system where you can deposit checks by iphone.
What is conduct banking?
If a person is conducting banking, it means that they are performing a transaction. This could be a deposit, a withdrawal, or taking out a loan.
When was Operation Mobilisation created?
Operation Mobilisation was created in 1957.
What does less cash received mean on a banking deposit slip?
The amount out of the check that you are receiving in cash.
What is the definition of a certificate of deposit?
An online certificate of deposit is a banking term referring to an online bank account. A certificate of deposit is a sum of money specified by the depositor at and interest rate offered by a banking establishment.
Can you get direct deposit in your savings account?
Direct deposit to your savings account must be available from both your banking institution AND your employer. Virtually all banking institutions offer this service but smaller employees may not.
Role of national orientation agency on political mobilisation and mass mobilisation?
no
What are Difference between home banking and on line banking?
the difference between home banking and on line banking is the way how to deposit and withdraw your money savings.home banking is you go personally to the bank company and deposit there . while on line banking is you just go to the electronic machine using w/ your card or via mobile phone .
