Economy, asked by elnissioloyede, 1 year ago

explain withdrawal restriction

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Answered by divyanshGupta00
0
Section 204.2(d)(2) of Regulation D of the Federal Reserve Board's definition of a “savings deposit” defines the limit: the depositor is permitted or authorized to make no more than six transfers andwithdrawals, or a combination of such transfers and withdrawals, per calendar month or statement cycle . 
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