Why do public deposits carry higher interest rates than bank deposits?
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Public deposits take care of both medium and short-term financial requirements of a business. As the depositors receive higher interest rate than that offered by banks, the cost of deposits to the company is less than the cost of borrowings from banks.
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Public deposits take care of both medium and short-term financial requirements of a business. As the depositors receive higher interest rate than that offered by banks, the cost of deposits to the company is less than the cost of borrowings from banks.
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