Depositing money in bank: How to open a deposit at the bank?

Depositing money in bank

The question of how to open a deposit in a bank is only the people who have decided for the first time to invest their money in a bank deposit. This procedure is simple, quick and not onerous, time depends on the availability and efficiency of the queue bank employee serving you.

How to depositing money in bank?

Bank deposit or deposit - is the most common financial instrument in the population of our country, and so it will remain for the near future. This is primarily due to the following reasons:

minimal risk - cash depositor are insured in the Deposit Insurance System (DIS) in the event of revocation of the license of the Central Bank to conduct banking operations;
clear and easy opening of the procedure;
Income (interest) on the term deposit is easy to calculate, it is guaranteed to be obtained under certain conditions;
deposit itself, with a possible total or partial loss of interest, will not be affected and will in any case be returned to the client.
To open a deposit, the depositor must be over the age of 14 years. Contributor to his adulthood will not be able to freely dispose of personal contribution. He will need the written permission of the guardianship authorities at the place of residence and the written permission of a parent.

The procedure depositing money in bank

In the paperwork you will need approximately 10-20 minutes. An employee of the bank will issue you a contract of bank deposit and give you hands on a copy. In addition to the contract you get a passbook, which will be recognized income and expense, accrued interest, however, not all banks issue checkbooks. Some banks may issue debit cards to their depositors to transfer to them of accrued interest.

The essence of the deposit opening procedure is as follows:

You articulate the contribution of banking specialists, for how long and for how much you want to open.
There is paperwork (contract signature cards).
You transfer the money to the bank, and in return receive a savings book, if it is issued in the bank and the credit order.

The most important thing when you open a deposit

The most important thing for the future of the depositor - this in advance to determine the terms on which he wants to open a deposit:

term accommodation (from 1 month to 5 years);
type of deposit;
interest rate (always indicated in annual terms);
periodicity of interest accrual;
whether it is possible to fill and to what extent;
the possibility of early closure without loss of interest;
the presence or absence of capitalization;
the contribution of the currency;
the amount;
the possibility of automatic renewal.
Now you need to choose a bank, guided by the most suitable banking products that can help Internet services for matching contributions.

All banks with the Central Bank of Russia license to deposit individuals' funds are parties to the Deposit Insurance System (DIS). True, you can get to the fraudsters, posing as a bank, but the Deposit Insurance Agency website, you can check whether the bank participant of CERs.

Do not forget, before leaving the bank again to verify whether it is true given your passport details in the contract, there are no errors, whether the bank's round stamp. If there is an error it is necessary to correct them immediately to avoid problems later.

Any questions about how to open a deposit in the bank, can and should define banking specialist, he should answer them and advise the most advantageous for you. A good alternative to the traditional banking deposit will open an online contribution, it is much more convenient, and the rates on it above. Remember that the income of the deposit is subject to taxation.

See also "Open bank accout" and "Business credit card".