A banker need not bother too much to open an account in the name of a person when receiving.........

Question

Quizplus · Accepted Answer

Term deposits, such as fixed deposits, require the bank to hold a certain amount of money for a fixed term. Unlike demand, saving, or call deposits, term deposits typically involve less frequent transactions and withdrawals, reducing the need for stringent account monitoring and customer interaction after the account is opened.

A Banker Need Not Bother Too Much to Open an Account