What is bank.
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Shyam Jaat ? (?हर हर महादेव ?) 7 years, 1 month ago
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Yogita Ingle 7 years, 1 month 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.
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