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What are the demand deposist

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What are the demand deposist

Posted by Dabit Norah 4 years, 4 months ago

CBSE > Class 12 > Economics

3 answers

Jyoti Panchal 4 years, 4 months ago

Demand deposits are those deposit s which are repayable on demand.Demand deposits are also known as call money.

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Yogita Ingle 4 years, 4 months ago

Demand Deposits also known as Current Account deposits refer to those deposits that provide the depositor the liberty to withdraw money at any point of time. That is, the account holder of the demand deposits can demand these deposits at any point of time as per their discretion and convenience. Such deposits do not offer any rate of interest.

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Geetam Kabra 4 years, 4 months ago

Demand deposits are the deposits of money in the bank made by people.

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CBSE > Class 12 > Economics