what are demand deposit . how many safein the bank . explain?
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what are demand deposit . how many safein the bank . explain?
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Answer:
The sum of money that is given to a bank but can be withdrawn as per the requirement of the depositor. Amounts that are lying in the savings and current accounts are known as demand deposits because they can be used at any point of time. FAQs: Are Bank Fixed Deposits (FDs) safe?
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