A depositor can deposit his funds  any number of times he likes and can also withdraw the same any number of times he wishes

Related MCQs

• With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country             
• If a Depositor is not a Senior Citizen and his Taxable Income is within the exempted limits then he has to submit ———to the Bank for not deducting tax at source
• According to RBI guidelines the term ‗bulk deposit‘ is used for single rupee term deposit of
• ESAF Small Finance Bank has launched a social deposit scheme called 'Hrudaya Deposit scheme‘ recently. Where is headquarter of ESAF Small Finance Bank?
• An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of                  
• Banks allow some important customers to withdraw without clear credit balance. Such facility is known as:
• When a corporate entity wishes to raise money from the market it can do that by issuing                 .
• A bank's 'fixed deposit' is also referred to as a............?
• What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty?
• A customer wishes to purchase some US dollars in India. She/he should go to: