There are also some specific formulas, in fact names associated with some special benefits, such as Trapti India Nidhi Limited. Time deposits and savings plans: also accounted for by central banks, which include in this total amount of deposits with a notice of less than three months and time deposits of less than two years (without savings of more than two years) is considered the “currency”.
Deposit schemes. Types of bank investments: a. Demand deposits. “Term deposit” is a deposit paid or unpaid, the funds of which can be withdrawn partially or fully at any time. It is accounted for in the aggregate of M1 by central banks.
A current account, traditionally called “check account” is an account whose money can not only be withdrawn at any time, but also serves as a basis for payments (see payment method), receipts, and the movement of funds from other accounts.
This account is usually unpaid or very low paid, and only in countries where interest payments are allowed. This account is sometimes accompanied by an overdraft permission, allowing you to temporarily balance its balance to the allowed flow limit. b. Savings account: The central bank takes into account aggregates: therefore, it is not stricto sensu “in sight”.
A savings account is sometimes also called a “bank book account” because transactions were initially reported on the savings account that the holder kept with him (this is still the case in some countries).
He must be a creditor. This is an account on which funds are also available on the spot, but only in the form of cash withdrawals, that is, as a rule, without means of payment. These bills are paid at the expense of interest and are: o taxed (regular bank savings account), o or not taxed, but strictly regulated.
A fixed-term deposit or a fixed-term deposit has a predetermined term and earns interest, provided that the account holder does not withdraw money before the maturity date (set from one month to ten years, depending on banking institutions). The longer the blocking period, the higher the payment rate.
There are two types of urgent accounts: fixed rate accounts and graduated rate accounts. – A notification account is an option in which money cannot be returned by the account holder without loss of interest if the latter does not announce its withdrawal sufficiently in advance. – A savings plan is often used to create savings for a specific purpose. For example, with France, we find plans for housing, stocks, retirement. In the United States, there is a plan for retirement. A savings plan is often fueled by periodic transfers from the current account.
The duration and terms of exit from these plans are regulated in exchange for special tax benefits.
Securities deposit: A securities account is one on which securities (stocks, bonds, investment funds) are deposited. Of the Client and where are the operations related to the transfer of securities and storage, for example, payment of dividends. , These deposits are increasingly dematerialized, securities listed on the stock market are rarely issued, transferred and stored physically, they are only in the form of a set of records. Owner and agent: The client who owns the account or plan is called the owner of the account.
If the account belongs to several persons (joint account of spouses, account in joint ownership, …), we are talking about co-owners. The owner can also provide a trustee to third parties, who are then agents in the account (they are authorized to perform certain operations, possibly within certain limits). A customer who has an account is also designated as a counterparty (in particular, in the area of counterparty risk management). e. Types of investments for 2010: To put your money in the best conditions, the investor must be careful in times of increased risk. The recent history of finance shows the limits of blind financial investment.
Here are the types of preferred investments of Trapti India Nidhi Limited: – Monopoly life insurance (no risk) – Multipage life insurance (risk, including stocks), – Paper gold, – Physical gold, – Booklets of savings, – Government bonds, – Private bonds.