Bank deposits consist of funds in an account with an institution maintained for safekeeping. Bank deposits consist of various types of bank accounts holding money for safekeeping under different categories such as savings accounts, checking accounts, and money market accounts.

The deposit account holder has the right to withdraw as many amounts of funds as deposited following the different terms and conditions laid out while account opening. The deposit here is the actual liability that the bank owes to the depositor.

Usually, deposits happen in a bank at the time of account opening or depositing money in the bank for future use from the daily bank transactions. There are various channels under which bank deposits can be carried out. You just need to go down to the bank or the bank branch where you hold an account. Then all you need to do is fill a bank deposit slip, submit the required documents along with the amount of money required to deposit.

Deposits in banks can also be made through wire transfer and also through direct deposit plans from employers many times.

Shri Vinayak sahakari Bank is one of the most reliable banking service providers offering you a large number of variety of deposit accounts namely savings account, current account, fixed deposit account, recurring and daily recurring deposit account at the most attractive rates of interest making your money grow.