Types of Deposits accounts in India

Banks are called custodians of public money and mobilization of the deposits from the public is the most important function of the commercial banks.  Mainly, there are two types of deposits viz. Time Deposits and Demand Deposits.
Time Deposits
When money is deposited with a “tenure” , it cannot be withdrawn before its maturity fixed at a particular time. Such deposits are called “Time deposits”…

You need to be a member of Integrated IAS General Studies Programme to view this content.