What does Net time deposits with Commercial Banks,Time deposits with post offices,National Savings Certificate mean????Kindly explain these terms realted to M3 and M4 supply of money????

Dear student, 

Net time deposits with commercial banks refers to those deposits with the commercial bank for a fixed period of time. They can be withdrawn only after the maturity of the fixed period. ​Time deposits with post office are similar deposits with the post office saving accounts. 

National saving certificates are the saving bonds certified by the Government of India. They are used for small savings

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