Question

What are primary deposits ?

Answer 1

Answer:

Explanation:

Primary deposits are those deposits that bank collects from different surplus stakeholders in the economy by different accounts. These consist of cash deposited by the people with the banks in different deposit account such as savings deposits, time or fixed deposits, current or demand deposits & other deposits.

Answer 2

Answer:

Primary deposit : are cash deposit with the commercial banks by the people . These are a part of total demand deposits of the banks

Explanation: