Overview
The Agreed-term Deposit refers to the deposit in a fixed-term deposit account opened by the rural credit cooperative with ABC to receive higher returns on funds. The interest rate and term of deposit is subject to the negotiation between the rural credit cooperative and ABC.
Features
It allows for higher returns on funds.
Procedures
The rural credit cooperative that has a business relationship with ABC submits a written application to ABC, and ABC branches then follow the same procedures used in the time deposit.
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