English, asked by champalalsuthar5956, 1 year ago

Public deposit introducation

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Answered by garvsingh6125

0

Answer:

Public deposits refer to the unsecured deposits invited by companies from the public mainly to finance working capital needs. ... The rate of interest on public deposits depends on the period of deposit and reputation of the company. A company can invite public deposits for a period of six months to three years.

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