Planning to take the money from the Deposit or return the full amount, the investor will be helpful to carefully read the contract that he signed with the Bank when placing the temporarily free funds. However, not less useful will also be familiar with the current legislation regulating this sphere of financial relations.

The fundamental rights of the depositor established by law


Part 2 of the Civil code of the Russian Federation, registered in the laws of our country No. 14-FZ of 26 January 1996, sets out the basic rights and obligations of both parties involved in the procedure for the adoption of means of physical persons in contributions, is the depositor and a banking institution. In particular, paragraph 2 of article 837 of the specified regulatory act establishes that, regardless of the specific agreement, the depositor has the right at any time to demand the return of their money. Thus, even if the citizen signed a Treaty that renounced such a right, this contract has no legal force. However, it should be borne in mind that in such a situation, the Bank can refuse the accrual of interest on a Deposit: this way, you will only receive the initial amount.

Opportunities for withdrawing money in a Bank



In order to save the accrued interest, the investor will need to comply with the conditions prescribed in the contract that he made with the Bank. Such conditions typically stipulate that your contribution relates to one of the two main categories. The first of them - the so-called term deposits, refunds with interest which is provided after expiration. So for interest rate you will have to wait for a period of time specified by the contract.

Another group of deposits - the so-called demand deposits, i.e. those that can be claimed by the depositor at any time before the expiration of the term of the contract, preserving the full amount or part of the interest. The amount of interest on such Deposit with the designation of the terms of their payment are also specified in the agreement. For example, the document may be indicated that the early recovery of Deposit interest on the part of the money will be credited from the calculation of 1/2 of the interest rate on the principal amount. However, these conditions may be different. However, it should be taken into account that the interest rate on deposits, providing for early recovery of money, usually lower than fixed deposits.

Finally, it should be borne in mind that if you plan to withdraw from the Deposit a significant amount, you may require prior notification of the Bank about this intention. The fact that at the right time at the box office of a financial institution may simply not be the required amount. Therefore, many banks use the practice of pre-order funds in excess of certain amounts for 1-5 days.