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.

• Deposition Definition Science
• Deposition Chemistry
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deposit

1. 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.
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Money paid to ensure performance under a written or oral contract.Many states require that lease and other such deposits be maintained in escrow accounts and earn interest which must be paid to the party when the deposit is refunded.All real estate brokers must place earnest money deposits in escrow accounts. One must carefully examine the particular contract language relative to deposits in order to determine the circumstances under which they may be withheld from the depositor.

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The deposit is a credit for the party (individual or organization) who placed it, and it may be taken back (withdrawn) in accordance with the terms agreed at time of deposit, transferred to some other party, or used for a purchase at a later date.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

Deposition Definition Science

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 Chemistry

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

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