What is the inter-bank deposit?

Sharad Jaiswal
Sharad Jaiswal

Posted On: Mar 18, 2020

 

A fund deposit of a bank hold by another bank is called an inter-bank deposit. This deposit requires an arrangement by both of the banks to hold a due to account for the other. Inter-bank deposits are a part of the Interbank market which is a system of trading currencies among banks.

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