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You pick the Currency, we'll provide the convenience! Click here to download form or pick up a copy at your local SVC branch. Best viewed in IE Bank Ltd. All rights reserved. Deposits Rates General days to 24 months : 5. General 24 months Simple Interest : 5. Loan Rates Home Loan : 8. New Four Wheelers Personal Use : 8.

Savings Deposits : 3. The Forex dealers promote their services in a manner that depicts only the positive side of trading.

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To begin with, start slowly, by investing small amounts of cash that you can afford to lose. This is good for learning purposes. When you are confident enough, make a bigger investment that will translate into a bigger potential profit margin. When trading, try as much as possible to spread the risk across various instruments. Putting all your eggs in one basket can leave you with few or no other options if you get into trouble.

An online trading account is used for holding and trading foreign currency.

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It is simple, after having opened an account, to deposit money to enable you to purchase or sell currency pairs. To open an online trading account, sign up with the Forex broker of your choice. However, you will be required to submit verification documents like scanned copies of your personal ID. The trading software is made available after this step is successfully completed.

One factor that is making Forex trading riskier is industry regulation. The trade is minimally regulated. This has created loopholes and allowed for brokerage scammers to thrive. When choosing your preferred broker, consider very carefully.

Avoid special Forex brokerage. It is safer to trade only with brokers who are active on the stock exchange. Everything done online needs an internet connection and with online Forex trading a reliable one is vital as it helps traders keep tabs with every piece news and faster trade actions. This is where you access the other pair of foreign currency to trade in. The trading platform is ready after the installation of the software which is provided after you open a trading account with a broker.

On receipt of the claim from the nominee, the branch will verify the photocopy with the original Death Certificate, Nomination number as registered in CBS, Nomination register. Signatures of two witnesses of good standing and integrity who are acceptable to the Bank should also be provided on the application.

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The witness can be any of the following:. Ans: - When a joint account holder dies, in the absence of a clause like E or S, F or S, L or S, the balance can be paid jointly to the survivors and the legal heirs of the deceased. Example: If an account in the joint name of A and B, and if A dies, the balance will not be paid to B alone.

Frequently Asked Questions

It has to be paid to B and to the legal heirs of A jointly. The settlement can be made to the legal heirs of A either through legal representation or without legal representation as the case may be. Ans: - In a deceased account where there is neither Survivorship clause nor Nomination, our Bank delivers the assets only to the legal heirs. As disposal with legal representation is time consuming, to improve customer service, our Bank has devised a system of settling the accounts without production of legal representation on the basis of Indemnity — cum — Affidavit.

This is applicable only when:.

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Bank may opt for settling the matter through legal representation. The following documents represent different forms of legal representation:.