State some important features of demand deposits.

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The sum of money that is given to a bank but can be withdrawn as per the requirement of the depositor.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.
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Accounts Wizard

1- They can be withdrawn anytime 2- Bank give certain interest on such deposit 3- Can be deposited as collateral security to take short time loan
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