Saved Bookmarks
| 1. |
What is deposit and its types? |
|
Answer» Answer: PRIMARILY, banks offer two kinds of deposit accounts. These are demand deposits like current/saving account and TERM deposits like fixed or recurring deposits. When you open a deposit account in a BANK, you become an account holder or a depositor. Saving accounts are used to meet daily on-demand REQUIREMENTS of cash. Explanation: Types of Deposits Savings Bank Account. Current Deposit Account. Fixed Deposit Account. Recurring Deposit Account. hope It's help you |
|