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Time Deposits

Time Deposits are special deposits made by clients into the organisation that cannot be withdrawn before a set date or for which notice of withdrawal is required.

In Loan Performer, time deposits can be opened by all types of clients whether Individual, Group or Business clients. However, for groups, the time deposit is opened by the whole group and not by each group member.

Loan Performer can efficiently be used to manage time deposits features that include the following.

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