![]() ![]() Indian residents and NRIs above the age of 14 years can invest in non-withdrawable deposits. The criteria for eligibility for non-withdrawable deposits vary from bank to bank. Furthermore, non-withdrawable deposits enable the bank to run a well-established asset liability management system.Įligibility Criteria of Non-Withdrawable Deposits.These deposits are typically very safe and secure, providing investors with peace of mind.They provide a guaranteed source of income, which can be helpful in budgeting and planning for the future.Non-withdrawable deposits often have no monthly fees or other charges, making them a cost-effective way to save.Non-withdrawable deposits typically offer higher interest rates than traditional savings accounts.Some of the key benefits and highlights of Non-Withdrawable deposits are: ![]() Non-Withdrawable deposits offer several features and benefits that can be extremely beneficial for investors. Features and Benefits of Non-Withdrawable Deposit Non-withdrawable deposits may also encourage customers to maintain a certain balance in their account or prevent them from withdrawing all their money at once. The funds are usually invested in high-yield savings accounts, certificates of deposit, or another type of investment.īanks and financial institutions typically use non-withdrawable deposits to raise capital. ![]() A Non-Withdrawable Deposit is a deposit that the depositor cannot withdraw until a specified date, time, or event. ![]()
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