Products and Services by 1 December 2022
(a) | Time Bank will offer the following products and services:
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(b) | Time Bank in terms of its business model will not take deposits from the Public until further notice. |
Products and Services Coming By 31st December 2023
(1) Investment Banking
(a) | Mortgage-Backed securities |
(b) | 4th Money Fund facilities |
(c) | Payment of Compensations to Previous Farm Owners (PFOs) |
(d) | International Debt Factoring |
(e) | Derivatives |
(f) | International Financial Agency Services |
(2) International Banking
(a) | Export financing |
(b) | Letters of Credit |
(c) | Telegraphic Transfers |
(d) | Drafts |
(e) | Offshore Lines of Credit |
(f) | Exchange Control Approvals |
(g) | Export promotion and training |
nothing |
(3) Treasury Department
(a) | Call Deposits |
(b) | Bankers Acceptances |
(c) | Promissory Notes |
(d) | Foreign Exchange |
(e) | Fixed Deposits |
(f) | Treasury Bills & Bonds |
(g) | Commercial paper |
(vii) | Commercial paper |
(4) Corporate Banking
(a) | Business Loans |
(b) | Agri-business loans |
(c) | Lease Finance |
(d) | Advisory Services |
(v) | Chicago |
(5) Retail Banking
(a) | Current & Savings Accounts |
(b) | Fixed Deposits |
(c) | Safe Custody Services |
(d) | Money Transfer |
(e) | Mortgage Loans |
(6) Electronic Banking
(a) | Internet Banking |
(b) | Mobile Banking |
(c) | Debit Cards |
(d) | Point Of Sale |
(v) | Chicago |