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Appeal of Term Deposits Fading

Appeal of Term Deposits Fading  Appeal of Term Deposits Fading

Data released by the Central Bank of Iran shows sight deposits are growing at a higher pace and term deposits are increasingly losing appeal.  
Total sight deposits increased by 58.9% by the end of last fiscal year (March 19) on year-on-year basis, to reach 3,661.6 trillion rials ($18.7 billion). 
This is while term deposits grew at a slower pace (26.8%) to reach 18,568 trillion rials ($95 billion) in the mentioned period, the CBI said on its website. 

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