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Deposit
Koratty Service Co-Operative Bank

Deposit

From a legal and financial accounting standpoint, the term "deposit" is used by the banking industry in financial statements to describe the liability owed by the bank to its depositor, and not the funds that the bank holds as a result of the deposit, which are shown as assets of the bank. Money placed into a banking institution for safekeeping. Bank deposits are made to deposit accounts at a banking institution, such as savings accounts, checking accounts and money market accounts. The account holder has the right to withdraw any deposited funds, as set forth in the terms and conditions of the account. The "deposit" itself is a liability owed by the bank to the depositor (the person or entity that made the deposit), and refers to this liability rather than to the actual funds that are deposited.

Fixed Deposit
Koratty Service Co-Operative Bank

Provides investors with a higher rate of interest than a regular savings account, until the given maturity date

Savings Bank A/c
Koratty Service Co-Operative Bank

That pay interest but cannot be used directly as money in the narrow sense of a medium of exchange

Current Account
Koratty Service Co-Operative Bank

In current account, amount can be deposited and withdrawn at any time without giving any notice.