Definition of Savings

 

Savings

is a deposit whose withdrawal can only be made according to certain agreed conditions, but cannot be withdrawn by check, demand deposit, and / or other similar equipment.

Read Also:

Definition of Current Account

Definition of Giral Money

Definition of Deposits

Definition of Banks and Types

Bank functions

 

Share to your friend? Choose one below:

Leave a Reply

Your email address will not be published. Required fields are marked *