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Why are the deposits in the …

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Why are the deposits in the bank called demand deposit. What are the benefits of deposits with the bank

    • Posted by ?? Ｓ??Ιδ ?? ?? 6 years, 10 months ago

    CBSE > Class 10 > Social Science
    • 1 answers

    Yash Agrawal 6 years, 10 months ago

    The money that we deposit in banks can be withdraw from our accounts on demand.So it is called as demand deposit.The advantages of demand deposits can be:- 1)Banks provide interest on our deposits. 2)Many poor families live and earn from this interest provided by banks.

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