Traditional Culture Encyclopedia - Traditional customs - The traditional deposit business of commercial banks in various countries includes

The traditional deposit business of commercial banks in various countries includes

Demand deposit, time deposit, savings deposit.

1. According to Wangwang.com, the traditional deposit business of commercial banks in various countries includes demand deposit, time deposit and savings deposit. Demand deposit: customers can deposit and withdraw money at any time, and the amount is not limited, mainly individuals and enterprises.

2. Time deposit: a deposit in which the bank and the depositor agree on the term and interest rate in advance when depositing, and withdraw the principal and interest after maturity.

3. Savings deposit: refers to the activity that individual residents deposit their own RMB or foreign currency in savings institutions, and the savings institutions issue passbooks or certificates of deposit as vouchers, and individuals can withdraw the principal and interest of deposits with them, and the savings institutions pay the principal and interest of deposits according to regulations.