how is demand deposit DD work …
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Preeti Dabral 2 years, 10 months ago
A deposit with a bank that can be withdrawn whenever the depositor wants to do so is known as a demand deposit. Demand Deposits also known as Current Account deposits provide the depositor with 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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