Skip to main content
Bank Deposits

Demand deposits

Deposit refers to the money that a bank receives from a customer, which can be withdrawn at any time by the customer. In banking terms, this is known as a demand deposit, as it can be accessed at the depositor's discretion. These types of deposits are typically found in savings and current accounts. This means that the depositor has the flexibility to use the funds whenever needed, making it a convenient option for managing day-to-day expenses.

Related terms

Deposit time slabs

Understand the meaning and definition of Deposit time slabs in the context of stock market, trading, and investments.

MORE
Fixed deposit

Understand the meaning and definition of Fixed deposit in the context of stock market, trading, and investments.

MORE
Taxable interest

Understand the meaning and definition of Taxable interest in the context of stock market, trading, and investments.

MORE
Nomination

Understand the meaning and definition of Nomination in the context of stock market, trading, and investments.

MORE
Borrower

Understand the meaning and definition of Borrower in the context of stock market, trading, and investments.

MORE
Bank fixed deposits

Understand the meaning and definition of Bank fixed deposits in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.8 Cr+ happy customers
+91