CONTENTS

MEANING OF DEPOSITS
TYPES OF DEPOSITS
Current Deposit
Saving Bank Deposit
Recurring Deposit
Fixed Deposit
DEPOSITS
MEANING OF DEPOSITS :
A deposit account is a
saving account , current
account or any other type of
bank account that allows money
to be deposited and withdrawn
by the account holder.
TYPES OF DEPOSITS
 CURRENT DEPOSIT

Current Deposit
Account is demand
deposit and is meant for
business , firms ,
companies , corporations
,trusts and individuals
with no restriction on
 SAVING BANK DEPOSITS

Saving Bank
Deposits are one of the
most popular deposits for
Individual accounts.
Most of the banks have
rules for the maximum
number of withdrawals in a
 RECURRING DEPOSITS
They popularly known
as RD accounts which
help people with regular
incomes to deposit a fixed
amount every month into
their Recurring Deposit
account and earn interest
at the rate applicable to
 FIXED DEPOSITS
A sum of money given to a
bank, financial institution or
company whereby the receiving
entity pays interests at a specified
percentage for the time duration
of the deposits . At the end of the
time period of the deposits the
amount that is originally given is
returned to the investor. It is also
known as term deposits.