A deposit or bank contribution is one of the accumulative types of account, where funds are placed for a certain time period in order to save money or receive income. Such funds will be subject to mandatory return at a certain time under the appropriate conditions that are prescribed in the contract. Basically, the deposit is called a bank deposit. Within a certain time period specified in the deposit agreement, the depositor’s cash will be at the full disposal of a banking institution. At this time, the depositor will not be able to use or dispose of these means. Therefore, to purchase any product, make a payment or make a money transfer, the depositor simply will not be able to. At the same time, the funds that are on the deposit account will be the property of the depositor. A banking institution is simply obliged to return the money at the request of the client, even if it is an early procedure. Each depositor who is a citizen of the Russian Federation has the right to open such a deposit account in one of the banking institutions, or may place money in several banks at once. Various types of deposits in the Russian state. Russian banking institutions for customers are offered a large number of different types of deposits. Each type of contribution has its advantages and features. All existing profitable deposits in banks are divided into three main groups that will differ in parameters. Firstly, this is the deposit term. Deposits are urgent and “worship”.Secondly, the possibility of replenishment. Deposits can be replenished and not replenished. Thirdly, the currency of the deposit. Deposits can be carried out in Russian rubles, be multi -ore or in foreign currency. What is the deposit term? This is a certain period for which customer funds are placed in a banking institution. Depending on a certain period for which funds are placed in the bank, deposits will be divided into various types. Firstly, the urgent type of deposits is when the depositor places his funds for a certain period, it is worth noting that urgent deposits have the highest rates on deposits. If we talk about the deadlines, then, basically, we are talking about a gap from one to several months. After the expiration of the selected deadline, the banking institution is obliged to return the money to the depositor and pay him interest. If the depositor wishes to withdraw his contribution ahead of the agreed deadline, the bank is obliged to fulfill his claim and pay him the full initial amount of the deposit deposit. But in this situation, interest will be partially accrued. Some banking institutions offer early withdrawal of funds without losing interest payments. Here are only interest rates under such conditions will be much less. Secondly, bank deposits “Domination”. Here the depositor will place the amount of funds for a certain period. After that, the bank returns funds and accrued interest to the depositor. Such payments by the bank will be made at the first request of the client. Basically, interest rates on this type of service in the bank will be slightly lower, in comparison, for example, with urgent types of deposits.
