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Demand Deposit

Which of thes...

Question

Which of these is not a feature of demand deposits in banks?

A

Funds payable on demand

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B

Funds bearing interest

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C

Funds with no maturity period

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D

Funds withdrawable only through cheques

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Solution

The correct option is D Funds withdrawable only through cheques
Demand deposits are deposits that can be withdrawn from the bank as demanded. There are many ways to withdraw demand deposits, such as ATMs, debit cards, cheques, etc.

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Similar questions

Q. M1 includes net demand deposits and not gross demand deposits, as net demand deposits do not include inter-banking claims.

Q. Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called ________.

Q. Identify the mode of transaction through which banks enable the withdrawal of demand deposits.

Q. Demand deposits are considered to be money because of this feature:

Q. Which of the following are included in broad money

(M_{3})

1

. Currency with the public.

2

. Demand deposits with banks.

3

. Time deposits with banks.

4

. 'Other' deposits with RBI.
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