What Is Inter-bank Deposit?

1.	What Is Inter-bank Deposit?
Answer» Any DEPOSIT that is held by one bank for another bank is known as inter-bank deposit. The bank for which the deposit is being held is REFERRED as the CORRESPONDENT bank. Any deposit that is held by one bank for another bank is known as inter-bank deposit. The bank for which the deposit is being held is referred as the correspondent bank.

Answer»

Any DEPOSIT that is held by one bank for another bank is known as inter-bank deposit. The bank for which the deposit is being held is REFERRED as the CORRESPONDENT bank.

Any deposit that is held by one bank for another bank is known as inter-bank deposit. The bank for which the deposit is being held is referred as the correspondent bank.

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What Is Inter-bank Deposit?

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