Question

what is public deposit​

Answer 1

Hii there

here is your answer

Public deposits refer to the unsecured deposits invited by companies from the public mainly to finance working capital needs. A company wishing to invite public deposits makes an advertisement in the newspapers. ... Any member of the public can fill up the prescribed form and deposit the money with the company.

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Answer 2

Here I put up your answer:

Public deposits refer to the unsecured deposits invited by companies from the public mainly to finance working capital needs. A company wishing to invite public deposits makes an advertisement in the newspapers. ... Any member of the public can fill up the prescribed form and deposit the money with the company.

Importance of public deposit:

The main importance of the public deposits is the have money it will give the loans to public again then the public get that loan they can invest that lot of loan money they can do business or any other servival activities. In this case the public will get benefit.

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