Question

How to the deposit with the banks become sources of income

Answer 1

First of all deposits are not source of income they are valueable assets. the difference in interests between loans and deposits is the main source of income for banks. as we all know banks offer us interest on deposits and it also levies interest on loans. The interest levied by banks on deposits is lower than the interest levied by it on loans this difference of interest in this is the main source of income for the banks