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प्रश्न
Explain the following term/concept.
Repayment of Deposit
उत्तर
Repayment of deposit refers to returning the money invested by the deposits on completion of tenure of the deposits. On maturity of the tenure of deposits, it is binding on the company to repay the deposit. Default in repayment of deposit results in a levy of penalty.
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संबंधित प्रश्न
Draft a letter to a depositor regarding repayment of his deposit.
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