What are demand deposit?Write few feature of demand deposit?
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since the deposists in the bank accounts can be withdrawn on demand,these deposists are called demand deposists.
feature of demandcdeposist
1 people have provision to withdrawn the money as and when they require
2 banks accept the deposists and also pay an amount as interest on deposists.
in this way peoples money is safe with banks and it earns an amount of interest
feature of demandcdeposist
1 people have provision to withdrawn the money as and when they require
2 banks accept the deposists and also pay an amount as interest on deposists.
in this way peoples money is safe with banks and it earns an amount of interest
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