Deposit Account Interview Question:

What is Deposit Account?

Submitted by: Administrator

A savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest.

Deposit a/c means particular sum we can retain with bank with interest or without interest. Whenever we need money we can withdraw it.
Or
Any sum retain with owner for lease or rent agreement. whenever our agreement end. We received that amount it calls deposit.
Submitted by: Administrator