The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

Monjur Alahi

Justify the following statement:

The Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.


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Salim Ahmed Kawsar

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  • The basic aim of the bank is to pool the excess money to the bank and develop the habit of saving amount people.
  • Bank accepts deposits in two forms i.e. Demand Deposits and Time deposits.
  • Demand Deposits include – Current Deposits and Savings Deposits.
  • Time Deposits includes – Fixed Deposits and Recurring Deposits
  • Thus, the Bank accepts two types of deposits from the public i.e. Demand and Time Deposits.

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