Question

what is the system of deposit with bank

Answer 1

A deposit account is a savings account, current account or any other type of bank account that allows money to be deposited and withdrawn by the account holder.

Answer 2

1.other forms in which people hold money is as deposits with banks.

2.the surplus money is deposited with banks.

3.bank accept the deposit and also pay interest on it.

4.since the deposits in the bank accounts can be withdrawn on demand ,these deposits are called demand deposit.