What are the demand deposits ?What are the advantages of demand deposits?
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Answered by
50
Answer:
Demand deposit accounts are bank accounts from which you can withdraw your funds on demand without having to give the bank prior notice. eg. current a/c and savings a/c
advantages:
1. you can withdrew money any time
2. no charges levied at the time of withdrawal
3. liability in position
Answered by
28
Answer:
Heya ☺
✒ The deposit with the banks which can withdraw on demand are known as demand deposit.
Advantages :
⭐ People earn interset on demand deposit.
⭐ the depositer made the payment to a cheque.
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