demand deposit

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Demand Deposit

Funds in a bank account that may be withdrawn on demand of the customer. Most demand deposits are in checking accounts and savings accounts, because funds in these accounts are available to the customer at any time (unless they are under a check hold). Under the Expedited Funds Availability Act of 1987, banks in the United States must grant availability to demand deposits within a certain number of days.

demand deposit

A checking account balance held at a financial institution. Because demand deposits constitute one of the most important segments of the nation's money supply, the financial community closely monitors their size. Compare time deposit. See also M1.

demand deposit

see BANK DEPOSIT, COMMERCIAL BANK.
References in periodicals archive ?
In other such cases reported from the NCR, the police have found that the fake demand drafts issued were made in the name of Bank of India's Faridabad branch.
After the selection, candidate will have to submit original Demand Draft alongwith five percent of total prescribed fee as Government Tax, he said and informed that all admissions on Self Finance, that is, UEAP and UDP shall be provided purely / strictly on merit basis, according to allocation of districtwise seats as mentioned in Prospectus for
Proof of deposit of EMD -When remitted through NEFT or RTGS or Demand Draft in original - Where payment by way of draft is stipulated for.
5 Last Date and Time of Submission of Demand Draft for Tender Document Fees
Instructions/Remarks: 1 Inspection:-Railway Adviser/Berlin Or Dra/Paris For Imported Stores And By Clw S Inspection Wing For Indigenous Source 2 Tenderer To Submit Tender Cost Through Demand Draft In Favour Of Fa And Cao/Clw/Chittaranjan, Payable At Sbi/ Chittaranjan.
Instructions/Remarks: 1 Tenderer To Submit Tender Cost Through Demand Draft In Favour Of Fa And Cao/Clw/Chittaranjan.