"Redemption of deposit" refers to the process through which one gets back their deposit amount or money put in a savings or fixed deposit account. Synonyms for this term can include "withdrawal," "recovery," "retrieval," "reimbursement," and "repayment". Other possible alternatives include "cash-out," "liquidation," "reclaim," "restitution," and "redeeming." These synonyms provide more options for customers to describe their desired actions to the bank or financial institution they work with. Whatever the chosen synonym may be, the process of getting back one's initial deposit is an important one and should be carefully considered and executed.