How does deposits with bank become their source of income
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Deposit in banks become source of income in this way
banks are getting almost 2 to 5 lakhs rupees per day from the people from different state or constituents and government are also taking that money from banks
banks are getting almost 2 to 5 lakhs rupees per day from the people from different state or constituents and government are also taking that money from banks
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The money that bank customers deposit into their accounts at a particular bank becomes the bank source of income. This is possible in that banks are able to loan out the money they are holding for their customers and earning a larger amount of interest than they pay their customers for saving with them thus deriving income from their customer deposits.
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