Question

What are demand deposits? which interesting facility do they?

Answer 1

Demand Deposits can be said to be those amounts of money which are deposited in a bank and can be withdrawn from the same on demand. It has a few features - 1. Demand deposits can earn a good amount of interest when kept in bank accounts

Answer 2

Answer:Here's Your Answer Dude..........

1)The money deposits made in the bank account which can be withdrawn any time on our demand are known as Demand Deposits.

2)The interesting facility that demand deposits offer is that of payment via cheques. A cheque is paper which instructs the bank to pay a specific amount from the person's bank account to the other person or the account holder.

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