Question

what is public deposit ?

Answer 1

The deposits that are raised by organisations directly from the public are known as public deposits. ... Public deposits cater to both short term and medium term finance requirements. The cost and procurement of public deposits is cheaper and easier, respectively, than other forms of sources of finance.

Answer 2

Public Deposit can be described as a form of short-term financing, often unsecured in which the company invites deposits from the general public to fulfill its working capital requirements. In this, the general public, deposits money with non-banking companies. It is just like a loan raised by the company from the public. Here, the word public is an umbrella term for employees, customers, shareholders, and the general public.