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Explain the meaning of saving deposits. - Economics

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प्रश्न

Explain the meaning of saving deposits.

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उत्तर

Commercial banks accept deposits by opening saving accounts. Savings deposits are generally made by those people who do not require withdrawal of money many times. The interest rate on saving deposits is low.

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अध्याय 7: Commercial Banks - Exercise [पृष्ठ १४५]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 7 Commercial Banks
Exercise | Q 18. | पृष्ठ १४५
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