Question

raghav has surplus money he opens a bank account & deposit in it whenever he need money he can go & withdraw this kind of deposit with the bank is known as ​

Answer 1

Answer:

Demand deposits

Explanation:

Answer 2

The kind of deposit where Raghav can open a bank account and deposit the money whenever he needs it and withdraw is known as a demand deposit.

• The amount deposited into a bank account with finance that can be withdrawn on demand at any time is an example of a demand deposit.
• A current or savings account is an example of a demand deposit.
• You can also receive some interest on a savings account but the rate is quite low.
• You can withdraw the amount via ATM Or through a cheque