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Why people perform to deposit the surplus money in the bank

Posted by Sports Tribute 5 years, 4 months ago

CBSE > Class 10 > Social Science

2 answers

Student ✍️✍️✍️ 5 years, 4 months ago

1-As people think that the banks are too safe for their ?. 2-As they thought that they used to deposit as much as they want without any problem. 3-During the money crises (NOTE BANDI) they don't need to worry as if they don't have black money then their money will safe and exchange comfortablely.

0Thank You

Yogita Ingle 5 years, 4 months ago

To ensure safety of their money, people deposit their money with banks. Banks accept deposits and pay interest on deposits. People have the provision to withdraw their money as and when they require.

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