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प्रश्न
Distinguish between demand deposits and fixed deposits.
State any three differences between Demand deposits and Fixed deposits.
फरक स्पष्ट करा
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उत्तर
| Basis | Demand Deposits | Fixed Deposits | |
| 1. | Withdrawal | Demand deposits can be withdrawn at any time. | Fixed deposits can be withdrawn only after the expiry of a fixed period. |
| 2. | Interest rate | They carry a very low rate of interest. | They offer a higher rate of interest. |
| 3. | Purpose | These deposits are mainly used for daily transactions. | These deposits are meant for saving and investment purposes. |
| 4. | Cheque facility | Demand deposits are chequable and can be withdrawn using cheques. | Fixed deposits are not chequable. |
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Concept of Credit Creation
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