Write a description of DEPOSIT FORM of banks - Social Science - Money and Credit

Question

Write a description of DEPOSIT FORM of banks

Janani Shruthi · Accepted Answer

↵Deposit
forms:

A deposit slip is a small written form that is sometimes used
to deposit funds into a bank account
A deposit slip indicates the date, the name of the depositor,
the depositor's account number, and the amounts of checks, cash,
and coin being deposited
Bank deposits consist of money placed into banking institutions
for safekeeping
These deposits are made to deposit accounts such as savings
accounts, checking accounts and money market accounts
The account holder has the right to withdraw deposited funds,
as set forth in the terms and conditions governing the account
agreement

Hope this helps : )