Bank Deposits

Demand deposits

Deposit refers to the money that a bank receives from a customer, which can be withdrawn at any time by the customer. In banking terms, this is known as a demand deposit, as it can be accessed at the depositor's discretion. These types of deposits are typically found in savings and current accounts. This means that the depositor has the flexibility to use the funds whenever needed, making it a convenient option for managing day-to-day expenses.

Related terms

Tax-saving fixed deposits

Understand the meaning and definition of Tax-saving fixed deposits in the context of stock market, trading, and investments.

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Bank

Understand the meaning and definition of Bank in the context of stock market, trading, and investments.

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Deposit insurance

Understand the meaning and definition of Deposit insurance in the context of stock market, trading, and investments.

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Fixed deposit

Understand the meaning and definition of Fixed deposit in the context of stock market, trading, and investments.

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Interest payout

Understand the meaning and definition of Interest payout in the context of stock market, trading, and investments.

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Tax Deducted at Source

Understand the meaning and definition of Tax Deducted at Source in the context of stock market, trading, and investments.

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