Question

Mention the types of deposits with commercial banks.​

Answer 1

TYPES OF DEPOSITS IN COMMERCIAL BANKS✓✓✓

First Published: April 23, 2011 | Last Updated:June 28, 2017.

Banks are called custodians of public money and mobilization of the deposits from the public is the most important function of the commercial banks.

Mainly, there are t

Two types of deposits viz

1.Time Deposits.

2. Demand Deposits.

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Answer 2

Answer:

time deposit and demand deposit

Explanation:

demand deposit means when borrowers gives interest it comes to the indirect lender the difference amount is the charge for banks