Savings Bank Account | lopol.org

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. 1. Demand Deposits Account: Demand deposits are repayable on demand by the customers. Current account deposits, Savings bank deposits and Call deposits are the examples of demand deposits.