Audit final
This query is : Resolved
11 September 2011
What is meant by Total Time and Demand Liabilities in context to Cash Reserves in Banking regulation Act??
11 September 2011
Banking Liability can be :
1) Time Liability - Whose crystallization depends on time like Fixed Deposit of Say 5 Yrs / 10 Yrs.
2) Demand Liability - Whose crystallization depends on demand of drawer like Savings / Current A/C
1) Time Liability - Whose crystallization depends on time like Fixed Deposit of Say 5 Yrs / 10 Yrs.
2) Demand Liability - Whose crystallization depends on demand of drawer like Savings / Current A/C
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