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प्रश्न
Differentiate between demand deposits and fixed deposits. (Three points)
फरक स्पष्ट करा
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उत्तर
| Demand Deposits | Fixed Deposits | |
| 1. | Demand deposits are those that the bank holds and are payable on the depositor's demand. | Deposits kept by banks that must be repaid or withdrawn at the end of the term for which they were made are known as fixed deposits. |
| 2. | Demand deposits are chequable. | Fixed deposits are not chequable. |
| 3. | On these deposits, there is no interest given. Instead, depositors must pay the bank a fee in exchange for its services. | There is a high interest rate on these deposits. |
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