Question

what is a demand deposit

Answer 1

Demand deposits
The sum of money that is given to a bank but can be withdrawn as per the requirement of the depositor. Amounts that are lying in the savings and current accounts are known as demand deposits because they can be used at any point of time.

Answer 2

Demand deposits are deposits in which you can get your money on your demand that is ,whenever you need you can get it but thae interest rate will be less as compared to fixed deposits.