What happens if a deposit is pre-paid?

What happens if a deposit is pre-paid?


If a deposit is repaid after 6 months from the date of deposit but before its expiry, the rate of interest on such a deposit shall be reduced by 1% from the rate which the company would have paid had the deposit been accepted for the period for which such deposit had run.
What are the provisions to protect the interest of small depositors?
Small depositor is a depositor who has deposited a sum not exceeding Rs. 20000 in a company in a financial year. ..
What is lease financing?
Lease financing is a contractual agreement between the owner of the assets (lessor) and user of the assets…
What is a lease agreement? What are its contents?
Lease agreement is a written agreement and also known as lease deed which starts the legal relationship between…
Post your comment