What Is A Custody Account And How Beneficial It Is?
Safe Keeping Receipt (SKR) is generally used to protect the deposit. Knowing more details about it will help in gaining more benefits from it. SKR is one of the banking instruments which is issued by the financial institutions that can be used to store the assets or other valuable things in the bank. The issuer of this SKR will take the responsibility of taking care of the assets or other valuable things secured with the custody account . Opening an account after knowing all the features and details of the SKR is always recommended so that you can be more confident. Know the benefits of opening a custody account: Do you want to save your assets without prior payment immediately? Then you must order for a Safe Keeping Receipt in the reliable bank. With the issuing of the SKR the bank will take the complete responsibility of taking care of the assets or deposits without any advance payment. You can pay the fee after six months of issuing the SKR. You can simply open the custod...