Social Sciences, asked by sohailansari9181, 3 months ago

how are deposits with the banks beneficial for the individual as well as for the nation​

Answers

Answered by Anonymous
1

The deposits with banks are beneficial for individual as well as for nation in the following ways:-

(i) Banks accept deposit and also pay an amount as interest and in this way people earn money.

(ii) People's money is safe with banks.

(iii) It is easy for individuals to get credit who have savings and current account in the banks.

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