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What are demand deposits?

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What are demand deposits?
  • 2 answers

Aaiman Farhin 4 years, 10 months ago

Demand deposit are the deposit which are payable on demand of depositer

Gaurav Seth 4 years, 10 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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