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Recurring deposit. A recurring deposit is a special kind of term deposit in India that is offered by Indian banks and India Post which helps people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. [1] [2]
Post Office Savings Bank is a name used by postal savings systems in several countries, including: New Zealand, later renamed the PostBank. United Kingdom, later renamed the National Savings and Investments. Singapore, later renamed POSB Bank. Kenya, also known as the Kenya Post Office Savings Bank. Austra, also known as the Österreichische ...
KES:1.9 billion (2009) Total assets. KES:15.4 billion (2009) Number of employees. 500. Website. www .postbank .co .ke. Kenya Post Office Savings Bank, often referred to as Postbank, is a Savings Bank in Kenya. Unlike other commercial banks in Kenya that are licensed and regulated by the Central Bank of Kenya, Postbank is regulated by the Kenya ...
MauBank is a bank headquartered in Ebene CyberCity, Mauritius. It is licensed as a commercial bank by the Bank of Mauritius, the country's central bank and the nation's banking regulator. MauBank is the third largest bank in Mauritius. [1] [2] It offers a full range of financial services to private and corporate clients, wealthy individuals ...
A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditionally, transactions on savings accounts were widely recorded in a passbook, and were sometimes called passbook ...
A passbook or bankbook is a paper book used to record bank or building society transactions on a deposit account . The Post Office Savings Bank introduced passbooks to rural 19th century Britain. Traditionally, a passbook was used for accounts with a low transaction volume, such as savings accounts. A bank teller or postmaster would write the ...
Website. nsandi .com. National Savings and Investments ( NS&I ), formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is both a non-ministerial government department [1] and an executive agency of HM Treasury. [2] The aim of NS&I has been to attract funds from individual ...
A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks have mostly existed as a separate category in Europe . Savings banks originated in late-18th Europe as ...