Question

Saving deposit does not form part of _________________.

• A. Demand deposit
• B. Time deposit
• C. Board money
• D. None of the above

Answer 1

The correct option is B Time deposit

Time deposits refers to the deposits with the commercial banks which can be withdrawn from the account holder's account after the expiry of a specified period of time. Savings do not form a part of time deposit as it is a part of demand deposit because any amount up to the limit of the credit balance can be withdrawn as per the wish of the account holder. Therefore, savings deposit does not form a part of time deposit.