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Pridružen/-a: 12.04. 2022, 14:47
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 Objavljeno: 21 Apr 2022 05:17 Naslov sporočila: Different Types of Bank Deposits, Where do I Save Money? |
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The most prominent activities of banks in general are to perform banking intermediary operations, whereby banking intermediary allows access to public funds in what is known as the activity of accepting bank deposits. Various bank accounts have been formed with the aim of meeting the needs and desires of depositors, and the most popular division of accounts according to their contractual content includes: current accounts, savings accounts, and deposit accounts.
Below we will address these accounts and explain their advantages, and show the most prominent observations on these accounts from the point of view of the Islamic economy, as a model that provides a different view from the traditional economy.
Also read: 8 things to you Need to Know about Islamic Economics
Bank deposits: current accounts
Introducing current accounts
Current accounts are also called current bank deposits and demand deposits, and it is a bank account that the customer delivers the financial amounts to the bank provided that the bank is obligated to return these funds to them without increasing once they request these funds.
The current account is without bank interest and gives the customer the authority to perform a range of banking operations such as depositing funds and withdrawing them either from within the bank or from ATMs through a debit card.
This card can also be used to pay the value of purchases at the stores and shopping places that provide payment service by the debit card at any time, of course, this is within the limits of the balance available to you in the account, and it is possible through current accounts to obtain a check book and pay by or collect it, and service bills can be paid from the current account directly through the telephone banking service or via the Internet, according to the services that it provides.
Features provided by the current account
Depositing and withdrawing funds available in your account if the account is active and there is balance available.
Obtain a check book if requested.
The ability to obtain an ATM card if requested.
The possibility of obtaining a periodic account statement.
Transferring and receiving funds locally and internationally.
Often, a minimum balance is required for the account to be opened.
Account opening is free of charge.
The bank does not offer any profits in Islamic banks, and it does not acquire interest in traditional banks on the funds deposited in the current account.
Different Types of Bank Deposits
source: theboomoney
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