Logo
Select Quick Pages:
Home
About
Contact Us
Disclaimer
Privacy policies
Terms and conditions

Demand deposits are those which can be withdrawn _________.

  • Demand deposits are those which can be withdrawn On demand.
  • Demand deposits are a type of bank deposit that can be withdrawn by the depositor on demand or at any time without prior notice to the bank.
  • Demand deposits are also known as current deposits or checking accounts, and they are typically used by individuals and businesses to store and access their funds on a regular basis.
  • When a customer deposits money into a demand deposit account, the bank holds that money and makes it available for withdrawal at any time.
  • The depositor can withdraw funds by writing a check, using a debit card, or visiting a bank branch or ATM.
  • The bank does not impose any restrictions on the number of withdrawals or the amount of funds that can be withdrawn from a demand deposit account, and the depositor can access the funds as needed.