07-17-2003, 07:30 AM
Bank dont offer different rates to different customers under the same deposit schenme
the bank with which deposit account is being maintained will be treated as agent of the depositing bank and the account will be reated as deposit account by the bank where as the depositing bank will treat this account as balances with other banks
yes it wil still be treated as deposit account as agent account are always maintained on the basis of special agreement between two banks and dont come under normal deposit schemes therefore different rates can be offered to diff banks
KK.
Edited by - kk on Jul 17 2003 024100 AM
the bank with which deposit account is being maintained will be treated as agent of the depositing bank and the account will be reated as deposit account by the bank where as the depositing bank will treat this account as balances with other banks
yes it wil still be treated as deposit account as agent account are always maintained on the basis of special agreement between two banks and dont come under normal deposit schemes therefore different rates can be offered to diff banks
KK.
Edited by - kk on Jul 17 2003 024100 AM
