What are demand deposits?
Define "demand deposits".
Demand deposits are not for any specific period of time. They can be withdrawn as and when required. These deposits are chequable deposits.
The Demand Deposits are the deposits that are payable on-demand or on call. In other words, such deposits can be withdrawn by the depositor as and when required. Since demand deposits are always available on-demand, they are chequable deposits i.e. cheques can be issued against such deposits.
Concept: Currency Held by the Public and Net Demand Deposits Held by Commercial Banks
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