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What are demand deposits?

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What are demand deposits?

    • Posted by Priya Sharma 4 years, 10 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Aaiman Farhin 4 years, 10 months ago

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

    0Thank You

    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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