What are the terms of the deposit agreement?

  • The deposit agreement can be automatically extended for the same term by fixing the annual interest rate applicable by the bank on the date of extension (by extending the full amount in the cumulative deposit account with additional contributions and accrued interest)

  • The deposit amount may be increased by additional contributions

  • The deposit is not repaid in parts before the maturity specified in the agreement

  • Interest is not paid if the depositor withdraws full amount of deposit before the maturity specified in the deposit agreement

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