Branch transfer of term deposits permitted within the same bank; inter-bank transfers are prohibited and application rules apply. A term deposit may be transferred from the issuing branch to any other branch of the same scheduled bank upon the assessee making an application at either ... Summary
Branch transfer of term deposits permitted within the same bank; inter-bank transfers are prohibited and application rules apply.
A term deposit may be transferred from the issuing branch to any other branch of the same scheduled bank upon the assessee making an application at either branch; transfers to another scheduled bank are prohibited. The application must be signed by the holder of the term deposit receipt; for joint-holder deposits the application may be signed by one joint holder if the other is dead.
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