How do the deposits with the banks become their source of income – InterviewSolution

1.	How do the deposits with the banks become their source of income
Answer» Interest rates vary depending on the lock-in period of deposits... where the depositer agrees for keeping the deposit for a PREDETERMINED time period. So bank can invest it in mutual funds, or to provide loans. But when it is only a SAVINGS ACCOUNT deposit then the interest provided is very low...because you can use it whenever necessary and it has no any lock-in assurances.

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