Difference between Demand Deposit and Fixed deposit
Answers
Answered by
4
Differences between demand deposits and fixed deposits are as follows: Interest rate on demand deposits is very low whereas fixed deposits carry a higher interest rate. Demand deposits can be withdrawn at any time whereas fixed deposits can be withdrawn only after the expiry of a specific period.
Answered by
2
Answer:
Differences between demand deposits and fixed deposits are as follows: Interest rate on demand deposits is very low whereas fixed deposits carry a higher interest rate. Demand deposits can be withdrawn at any time whereas fixed deposits can be withdrawn only after the expiry of a specific period.
Similar questions