what is the bank do with the deposists which they are collect from thepublic
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the deposit Centre collector from the public was used as follows Veni Bank the money was a collector from the depositors will be given for loans to other people with this knows I will collect interest and again they will give this interest money with the deposited money to the depositors
akshith543:
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Bank make use of the deposits to meet the lone requirement of the people .
people deposit their money in the bank by opening their account in their name bank accept the deposits and pay an ammount of interest on the deposit . In this way people money is safe with the banks and bank earn an amount of intrest.
i hope it will helps u :-)
people deposit their money in the bank by opening their account in their name bank accept the deposits and pay an ammount of interest on the deposit . In this way people money is safe with the banks and bank earn an amount of intrest.
i hope it will helps u :-)
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