Article 837. Types of deposits.
1. A bank deposit agreement is concluded on the terms of the deposit on demand (demand deposit) or on the terms of returning the deposit upon the expiration of the term specified by the contract (term deposit). The contract may provide for contributions on other conditions of their return, not contrary to the law. 2. Under a bank deposit agreement of any type, the bank is obliged to issue the deposit amount or its part upon the depositor’s first request, except for deposits made by legal entities on other return terms stipulated by the agreement. The condition of the contract on the refusal of a citizen from the right to receive a deposit on demand is void. 3. In cases where a fixed-term or other deposit other than a demand deposit is returned to the depositor upon his request before the expiration of the term or before the occurrence of other circumstances specified in the bank deposit agreement, the interest on the deposit is paid in the amount corresponding to the amount of interest paid Bank on demand deposits, if the contract does not provide a different amount of interest. 4. In cases when the depositor does not require the return of the amount of the term deposit upon the expiry of the term or the amount of the deposit made on other return terms - upon the occurrence of the circumstances stipulated by the contract, the contract is considered extended under the demand deposit conditions, unless otherwise provided by the contract.
References to other articles of chapter 44. Bank deposit: