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What is bank.

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What is bank.

    • Posted by Vikram Dewasi 6 years, 10 months ago

    CBSE > Class 10 > Social Science
    • 3 answers

    Yogita Ingle 6 years, 10 months ago

    People deposit their extra cash in bank. A bank in addition to keeping the money also pays interest on the deposit to the depositor. Thus bank deposits are also called demand deposits.
    A person simply needs to have an account with the bank to deposit money. A cheque can be used to make payment directly from a bank deposit without using cash.

    0Thank You

    Kirti Dhillon 6 years, 10 months ago

    Bank is an institution which accept the deposits and give loans .

    1Thank You

    Shyam Jaat ? (?हर हर महादेव ?) 6 years, 10 months ago

    an organization which keeps money safely for its customers; the office or building of such an organization. You can take money out, save, borrow or exchange money at a bank

    0Thank You

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