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how is demand deposit DD work …

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how is demand deposit DD work ??

Posted by Pushkal Sudhir 3 years ago

CBSE > Class 10 > Social Science

1 answers

Preeti Dabral 3 years 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A deposit with a bank that can be withdrawn whenever the depositor wants to do so is known as a demand deposit.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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CBSE > Class 10 > Social Science