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Inflation Linked Deposit with the Institutional Byproduct Disclosure Statement Issued by Westpac Banking Corporation Australian Financial Services License No. 233714 ABN 33 007 457 141 Dated: 12 November

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How to fill out inflation linked deposit

01

Contact your bank or financial institution to inquire about their inflation linked deposit options.

02

Review the terms and conditions of the inflation linked deposit, including the minimum deposit amount, duration, and interest rate calculations.

03

Gather the required documentation, such as identification proof, address proof, and income proof, as per the bank's requirements.

04

Fill out the application form provided by the bank, providing accurate and complete information.

05

Submit the application form along with the required documentation to the bank.

06

Make the initial deposit as per the bank's instructions.

07

Keep track of your inflation linked deposit through regular statements provided by the bank.

08

Ensure that you understand the terms and conditions, including any early withdrawal penalties, before committing to the inflation linked deposit.

Who needs inflation linked deposit?

01

Inflation linked deposits may be suitable for individuals who want to protect their savings from the eroding effects of inflation.

02

Those who are looking for a low-risk investment option with guaranteed returns that keep pace with inflation may benefit from inflation linked deposits.

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Investors who believe that the inflation rate will rise in the future may find inflation linked deposits attractive.

04

Individuals who prefer to invest in fixed-income instruments and are wary of losing purchasing power due to inflation may opt for inflation linked deposits.

05

Retirees or people with fixed incomes may also consider inflation linked deposits to maintain the real value of their savings.

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What is inflation linked deposit?

Inflation linked deposit is a type of deposit where the interest rate is adjusted based on the inflation rate.

Who is required to file inflation linked deposit?

Financial institutions and individuals who hold inflation linked deposits are required to file.

How to fill out inflation linked deposit?

To fill out an inflation linked deposit, you need to provide information about the deposit amount, interest rate, and inflation index.

What is the purpose of inflation linked deposit?

The purpose of an inflation linked deposit is to protect against inflation by ensuring that the interest rate keeps up with the inflation rate.

What information must be reported on inflation linked deposit?

Information such as the deposit amount, interest rate, inflation index, and maturity date must be reported on an inflation linked deposit.

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