What is demand deposit?

Asked by Last Modified  

Follow 1
Answer

Please enter your answer

Teacher

The sum of money that is given to a bank but can be withdrawn as per the requirement of the depositor.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

Related Questions

Is coaching in class 12 necessary to score 100 in chemistry?
Coaching is NOT necessary. But one must be ready to develop some qualities/habits to substitute the advantages coaching institutes provides. 1. CONSISTENCY: You must be regular with your studies. Because...
Santosh
0 0
5
What is the best coaching in Kota for class 11?
Allen carrier Institute is best Institute in Kota for class 11.
Sounak
0 0
7
How do I start preparing for JEE MAINS from class 11 without using coaching?
Apart from your daily study routine, you have to spend at least 2 to 3hours to clear only basic concepts of any subject.
Vishvajeet
0 0
5
Can I manage class 11 with entrance coaching?
You can very well manage class 11 with entrance coaching by making an in-depth study from the word go once you start your curriculum.This will ,in no way hinder the regular stream if and only if exhaustive...
Mukund
0 0
6

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons


Division of labour
By division of labour we mean specialisation in work. Under it the worker specialises either in the prouduction of a single commodity or single sub-process . It is a system whereby the operations necessary...

What is Monetary Policy Committee (MPC) ?
The new MPC is to be a six member panel that is expected to bring "VALUE and TRANSPARENCY" to rate setting decisions. It will feature three members from the RBI- the Governor, a Deputy Governor , and another...

Price Elasticity of Demand - Class 12, NCERT, Micro Economics
Perfectly Inelastic and Relatively Inelastic Demand Economics - CBSE Std XIIth, ICSE/ISC, IGCSE/GCSE, State Board

Recommended Articles

E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...

Read full article >

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

With the mushrooming of international and private schools, it may seem that the education system of India is healthy. In reality, only 29% of children are sent to the private schools, while the remaining head for government or state funded education. So, to check the reality of Indian education system it is better to look...

Read full article >

While schools provide formal education to the children, the home is where they start learning about things informally. Parents think that schools will take the initiative to educate their children. Well, this is partially true, as parents also play an essential role in bringing up their child. For the development of particular...

Read full article >

Looking for Class 11 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you