Question

what are demand deposit explain any three features of demand deposits

Answer 1

demand deposits act as a medium of exchange like money.they constitute money in the modern economy.
they are widely accepted as a means of payment by way of cheque instead of cash.
such deposits earn an amount as interest.
1 they can be withdrawn at any time 
2 banks give interest on these deposits
2 used by bank to give loans

Answer 2

Individuals set aside their cash in banks by opening a record. The stores in financial balances can be pulled back on request so these stores are called demand deposit.

$\Large{\textbf{\underline{\underline{Points\;are}}}}$

1. Bank acknowledge the stores and furthermore pay a financing cost on the stores. In the manner individuals cash is protected with the banks and it procure a premium.

2. The office of checks against request stores makes it conceivable to legitimately settle installments without the utilization of money. Since request stores are acknowledged broadly as a methods for installment alongside cash they comprise cash in the cutting edge economy.

3. It is approved by the legislature of the nation.

4. It's interest and flexibly can be constrained by RBI.

5. In India the law sanction the utilization of rupee as a mode of installment that can't be rejected in settling exchanges in the nation. No individual can legitimately reject an installment made in rupee.