Answer in one sentence. What is renewal of deposit? - Secretarial Practice

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Short Note

Answer in one sentence.

What is renewal of deposit?

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Solution

A process whereby the deposit holder continues with the deposit for an additional time period after the completion of the initial time period of investment (deposit) is called as ‘Renewal of Deposit’.

Concept: Correspondence with Depositors - Specimen Letters
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Chapter 8: Correspondence with Depositors - Exercises [Page 125]

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Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 8 Correspondence with Depositors
Exercises | Q 1 H) 4. | Page 125
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