What are demand deposits,how is money safe with banks.explain
Demand deposit in simple terms means that when you have already deposited the money to the bank , you can then demand them for the withdrawal of the money at any time. Here you are depositing the money with a demand for its retrieval.
The Banking process is strictly guided by the government which plays an important role whether the bank is working accordingly with the rules and regulation. Thus indirectly Government ensures that money is safe with the bank.
The Banking process is strictly guided by the government which plays an important role whether the bank is working accordingly with the rules and regulation. Thus indirectly Government ensures that money is safe with the bank.