Savings Bank Account

Bank Deposit Accounts - Types (Demand, Term, And Flexi Deposits)

Bank Deposit Accounts - Types (Demand, Term, And Flexi Deposits)

Deposits of banks are broadly classified into three categories: Demand deposit, Term deposits and Flexi deposit or also known as Hybrid deposit. Demand deposits are repayable on demand by the customers. Current account deposits, Savings bank deposits and Call deposits are the examples of demand deposits. These deposits are repayable on demand by the customers. The amount deposited on these accounts to be released upon the request of customer without any delay.