Deposits with the banks are beneficial to the depositors as well as to the nation in various ways. Some of them are:
They provide safe and secure deposits to a person’s money.
- They provide excellent saving and investment options and also help in the growth of the nation.
- They provide interests on the deposited money to the depositors.
- Money can be easily withdrawn from the banks as and when required by the depositors.
- Hey provide easy loans on nominal rates that make it possible for the common man to build their own assets.