how were deposits with the bank benifical for the individual as well as the nation? explain
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Explanation:
The deposits with banks are beneficial for individual as well as for nation: (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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The deposits with banks are beneficial for individual as well as for nation:
(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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