Deposit - one of the most common andknown ways of investing their own funds. Despite many different ways to make your own capital work (investment, transfer for trust management, participation in exchange trades), a bank deposit contract is an advantageous, safe and reliable way to accumulate money resources.
What accounts for the popularity of deposits?Let's start with the fact that the bank deposit contract is an absolutely protected means of investing money. According to the current regulations, most of the deposits are insured, which means that if the financial institution turns out to be bankrupt, you will not lose your money (unlike many investment funds, where investment insurance is usually absent). In addition, the possible low profitability of the deposit is compensated by the interest rate guarantee, which, in comparison with exchange trades and investments, is a more reliable option to accumulate capital.
The variety of contributions, different lines of whichrepresents almost every bank, today allows you to choose the most profitable and attractive deposit for each customer. The most important characteristics of deposits include the following positions:
In order to create a deposit between the financialan organization and a depositor must necessarily conclude a bank deposit agreement. The concept of a deposit implies the acceptance by the bank of a certain amount of money and a return after the agreed period of the amount transferred earlier, as well as interest on the deposit. The subject that regulates the norms of the deposit agreement is the amount of money that is transferred to the deposit.
The bank deposit agreement gives the investormeans the right to present claims to the bank related to the return of the deposit amount and accrued interest on the deposit. In this case, there are no any obligations of the depositor to the financial organization, i.e. This paper sets only the bank's obligations to the depositor. It is noteworthy that the bank does not have the right to establish different conditions for different depositors for the same deposit program and not to accept funds for the current program if all its selection criteria are met. The deposit agreement is legally regulated by the current regulatory framework.
It is not only individuals who can open a deposit,but also organization. Before transferring money to the deposit, it is important to make sure that the selected financial institution has a license granting the right to accept cash deposits. This requirement is governed by the Civil Code of Russia (Article 835).
A written contract of bank deposit must beis created upon the first request of the transferor. At the same time, two main types of deposits are distinguished: "on demand" and urgent. Regardless of the type of deposit and deposit program, the bank is obliged to return the entire amount of the deposit if there is an appropriate request from the depositor. Other developments may be stipulated by the deposit agreement, however, in any case, the description of the rules for depositing money into the deposit can not contradict the current legislation.
In conclusion, we note that the opening of a depositmust be accompanied by a written agreement. Such a contract can be represented by a savings book or a certificate or some other bank document that regulates the rules for placing funds in a deposit and complies with the norms of the law.
