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Class 12 Tuition > Learn Economics > What are the advantages of depositing cash money in...
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What are the advantages of depositing cash money in banks?

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Experienced teacher online and offline with 8 years of teaching experience.

Advantages are :- 1. You get interest on the money deposited. 2. Your money is safe ina banks. 3. You can withdraw it anytime through debit card . 4. By depositing good amount of money you become an honest holder for bank account and therefore can apply for loan. 5. By depositing money in the bank...
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Advantages are :- 1. You get interest on the money deposited. 2. Your money is safe ina banks. 3. You can withdraw it anytime through debit card . 4. By depositing good amount of money you become an honest holder for bank account and therefore can apply for loan. 5. By depositing money in the bank ypu need not to hold cash, just a card is all you need. read less
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1. Your money will be in safe hands. 2. Your will be getting good rate of interest. 3. You can make online payments. 4. You can withdraw that amount at any point of time.
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Safety and receipt of interest. Banks,in turn,help industries to raise funds for working capital or capital expenditure
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A qualified Chartered Accountant and a good tutor

Depositing money in Banks is useful: 1)Safety of Money 2)Habit of Thrift & Saving 3)Easily handling of Cash 4)Easily Fund transfer Facility 5)Interest Earning
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