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Difference between demand deposits and time deposits.
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Difference between demand deposits and time deposits. Related: Introd...
《》A demand deposit is an account with a bank or other financial institution that allows the depositor to withdraw his or her funds from the account without warning or with less than seven days' notice....
••while Time deposit is a deposit in a bank account that cannot be withdrawn before a set date or for which notice of withdrawal is required.......
Community Answer
Difference between demand deposits and time deposits. Related: Introd...
Demand deposit is the sum of money which an individual can withdraw without giving any prior notice to the bank that is 15% of the money

whereas time deposit is a money saved in a account which can be withdrawled after a certain period of time
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Difference between demand deposits and time deposits. Related: Introduction to Money - Money and Credit, Class 10 SST
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