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Which type of deposits with the banks are called demand deposits?

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The deposits which are payable on demand are called Demand deposit. There will be no fixed tenure for these deposits. Examples are Savings Bank Account and Current Account.
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hose deposits in the bank accounts that can be withdrawn on demand, are called demand deposits.Some importantfeatures of demand deposits are(i) Demand deposits are accepted widely as a means of payment by way of a cheque along with currency.(ii) They are closely linked to the working of the modern banking...
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hose deposits in the bank accounts that can be withdrawn on demand, are called demand deposits.Some importantfeatures of demand deposits are(i) Demand deposits are accepted widely as a means of payment by way of a cheque along with currency.(ii) They are closely linked to the working of the modern banking system. Such deposits earn an amount as interest. read less
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