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| 1. |
difference between demand deposits and fixed deposits |
| Answer» Differences between demand deposits and fixed deposits are as follows:\tInterest rate on demand deposits is very low whereas fixed deposits carry a higher interest rate.\tDemand deposits can be withdrawn at any time whereas fixed deposits can be withdrawn only after the expiry of a specific period.\tDemand deposits are chequable, i.e. they can be withdrawn through cheques, whereas fixed deposits are not chequable. | |