The document discusses demand deposits, which are deposits that people hold with banks. People deposit surplus money with banks and open accounts, such as savings or current accounts. Banks pay interest on these demand deposits. A key feature of demand deposits is that people can withdraw their money as and when they require it. The document also defines a cheque as a paper instructing the bank to pay a specific amount from the person's account to the person in whose name the cheque has been issued.

1. Demand Deposits
A Cheque
SHALINI KUMARI
Economics
Money & Credit
©SHALINI.VIRTUAL784 2020
NCERT/ICSE/UPSC/P.O.

2. Modern Forms of Money
Currency ( Paper Notes + Coins )
Demand Deposits
©SHALINI.VIRTUAL784 2020

3. Demand Deposits - Modern Forms of Money
 People also hold money as deposits with banks.
 People need only some currency for their daily needs at a
point of time.
 They deposit the surplus money with the banks.
 They need to open an account in the bank.
 Banks pay an amount as interest on these deposits.
©SHALINI.VIRTUAL784 2020

4. Types of Accounts ( Demand Deposits )
Savings
Account
Salary
Account
Current
Account
No
Interest
Paid
©SHALINI.VIRTUAL784 2020

7. Do you need any
loan ?
Open an account in
the concerned bank
( Demand Deposits )
©SHALINI.VIRTUAL784 2020

8. India‘s Apex Bank - The Reserve Bank of India
RBI Governor(2020) – Mr. Shaktikanta Das
©SHALINI.VIRTUAL784 2020

9. Benefits of DEMAND DEPOSITS
• People have the provision to withdraw the money from
their bank deposits as and when they require.
• Since the deposits in the bank accounts can be withdrawn
on demand , these deposits are called demand deposits.
• Demand deposits offer facility of making payments by
cheques instead of cash.
©SHALINI.VIRTUAL784 2020

10. A CHEQUE
It is a paper instructing the bank to pay a specific
amount from the person’s account to the person in
whose name the cheque has been issued.
©SHALINI.VIRTUAL784 2020

11. ©SHALINI.VIRTUAL784 2020

15. ©SHALINI.VIRTUAL784 2020
THANK
YOU
LIKE & SUBSCRIBE
SUCCESS SHALINI