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Serious steps to maximize bank deposits

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1 Serious steps to maximize bank deposits on Mon Jun 06, 2016 5:13 am

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Serious steps to maximize bank deposits

06/6/2016 12:00 am
Baghdad-the joy of pumice.

Financial expert encouraged citizens to save their money in banks, especially starting with serious steps in insurance money and granting benefits to work on maximizing bank deposits.

Experts estimate that the current monetary holistic home citizens between 30-40 trillion dinars.

The expert said THAMER Azzawi for «morning»: the Government and banks started positive steps to lure deposit money, these steps require genuine activation, in addition to invest funds for the benefit of both sides with the country's economic growth.

According to the Association of Iraqi banks, deposits in banks increase in positive repercussions on financial and economic sector increased Iraqi deposit means greater growth and increase the chances of launch loans and employment and implementation of projects.

Azzawi pointed to the importance of adopting new standards to urge citizens to deposit funds, including the adoption of modern technology as the electronic exchange and deposit machines and expand credit cards,

suggesting the possibility of deploying these devices as an initial experience in financial and banking offices that deposit or withdraw money without taking the interest of citizens and be dealt between banks and banking owners directly.

And split deposits in savings banks:» accounts whose amounts deposited by individuals in banks and deposits on types: cash deposit, the deposit cheque clearing and deposit, fixed deposit accounts: the amounts deposited with banks during a specific period (individuals or corporate sectors, associations or any other sectors with varying interest rates and fixed deposits amounts shall not be any withdrawal awaidaa during the period from the date of the deposit until maturity and be Types: a six-month deposit interest rate 5 percent, and one-year deposit interest rate 5.5 percent, two-year deposit interest rate to 6 percent.

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