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Correspondence with Banks — Secretarial Practice STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsSecretarial PracticeCorrespondence with Banks1 Mark
Question
What is a demand deposit?
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Answer

Deposits that are repayable on demand are called demand deposits. There are 2 types of demand deposits i.e Saving Deposits and Current Deposits.

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