Question

what is public deposit​

Answer 1

Answer:

Public deposits refer to the unsecured deposits invited by companies from the public mainly to finance working capital needs.

Answer 2

$\huge\sf\green{Answer}$

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.