Question

which types of deposits with the banks are called demand deposita? state some features of demand deposit

Answer 1

I think there is no type of deposit like demand deposit .but,we have demand draft (dd),it helps to send money to anywhere without carrying the money ,we only just want to give the money to any branch and say them to where from the money we collect that time they give us dd that help us to take the money from the other branch

Answer 2

Answer:Since the deposists in the bank accounts can be withdrawn on demand ,these deposists are called demand deposists.

advantages

1 people also have the provision to withdrawn the money as require.

2 on demand deposits people earn interests provided by banks