Sociology, asked by pihuuu94, 4 months ago

What is renewal of Deposit?

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Answered by Anonymous

2

The term 'Renew' implies, 'to acquire again'. Accordingly, the renewal of deposit means acceptance of the deposits by the company for further period. Thus, the renewal of deposit refers to issuing new deposit receipt in cancellation receipt for old deposit on maturity of old deposit on repayment.

Answered by Anonymous

4

The term 'Renew' implies, 'to acquire again'. Accordingly, the renewal of deposit means acceptance of the deposits by the company for further period. Thus, the renewal of deposit refers to issuing new deposit receipt in cancellation receipt for old deposit on maturity of old deposit on repayment.

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