Demand deposits include:
Demand deposits include:
(a) Saving account deposits and fixed deposits
(b) Saving account deposits and current account deposits
(c) Current account deposits and fixed deposits
(d) All types of deposits
Anurag Pathak Changed status to publish December 31, 2023
Ans – (b)
Explanation:-
Saving account and current account deposits are demand deposits as the account holder can withdraw money when needed (demanded)
The account holder is issued a cheque book. With the help of this cheque book, he can withdraw money on demand.
But now with the help of advancements in technology. The money can be withdrawn through ATM, UPI, and internet banking on demand.
Anurag Pathak Changed status to publish December 31, 2023
