Question

Deposits with the banks are beneficial to the depesitor
as well as to the nation!!. Examine that​

Answer 1

Answer:

This is answer

Explanation:

Hope you help

Answer 2

Answer:

The deposits with the banks are beneficial to the depositors because of the following reasons:

i) Safety

(ii) Earn Interest

(iii) Can make payment easily through cheques

Benefits of Bank deposits to the nation are:

(i) Availability of cheap loans (with more deposits) to large number of people.

(ii) Boots the industry by providing cheap loans.

(iii) The interest rate providing on deposits add to the income of the family, this increasing overall income of the nation.

From the above points, it can concluded that deposits with the banks are beneficial to the depositors as well as to the nation.

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