Deposit

Deposit accounts in rural banks grew 11.3 percent to 8.7 million; in commercial banks, up 10.1 percent to 46.7 million, and thrift banks, up 9.2 percent to 7.5 million. Banks' 2018 deposit base hits P12.74T. Solid material left or laid down by a natural process. For example, deposits can include layers of sand and mud left by streams, an accumulation of stones and debris left by a melting glacier, or a layer of coal formed over many years as decomposing plant material became fossilized. Deposit refers to a transaction that involves a transfer of something to another party for safekeeping. In the world of finance, a deposit may refer to a sum of money kept or placed in a bank. An accumulation or layer of solid material, either consolidated or unconsolidated, left or laid down by a natural process. Deposits include sediments left by water, wind, ice, gravity, volcanic activity, or other. Deposit refers to a transaction that involves a transfer of something to another party for safekeeping. In the world of finance, a deposit may refer to a sum of money kept or placed in a bank.

• Deposition
• Deposition Definition Science

A deposit is the act of placing cash (or cash equivalent) with some entity, most commonly with a financial institution, such as a bank.

The deposit is a credit for the party (individual or organization) who placed it, and it may be taken back (withdrawn) in accordance with the terms agreed at time of deposit, transferred to some other party, or used for a purchase at a later date.

Deposits are usually the main source of funding for banks.^{[citation needed]}

Types[edit]

A deposit may take a number of forms, including:

Demand deposit[edit]

A demand deposit is a deposit which is deposited for regular withdrawal like saving bank account or current bank account etc.

• Transactional account (checking account or current account, by country), the depositor has the right to use the money at any time, sometimes short notice periods are agreed. Also called call deposit or sight deposit.

Time deposit[edit]

Deposits which are kept for any specific time period are called time deposit or often as term deposit.

• Term deposit (or time deposit), bear a fixed time and fixed interest rate^[1]
  • Fixed deposit in India ^[2]
  • Certificate of deposit in the U.S. and Canada
• Overnight lending occurs usually from noon to noon, using a special rate to give as security or in part payment.

See also[edit]

References[edit]

Deposition

1. ^term deposit, Investopedia, accessed 2012-05-14.
2. ^[1], Deposit your trust in Fixed Deposits, siliconindia.com

Deposition Definition Science