"Demand Deposits, Term Deposits & Bank O/D"

A)   Demand Deposits :
It can be sub divided into two categories:

1. Current Account Deposits and
2. Saving account deposits 

1)   Current Account Deposits :-

                                We payable on demand. Current deposits or there are no restrictions on amount and no. of withdrawn is from these accounts the grands no interest on these accounts as it has to keep all cases ready to meet the requirements of the Depositor. This account or general operated by businessman. The bank provided the account same useful services. Such as free collection of outstation cheques.

2)   Savings Accounts Deposits :-
 
                                 This for interest between account but some restrictions on input on depositors from an account without PDS Notice or Restricted.


B)   Term Deposits(Fixed Deposits) :

                                   The Term Deposits are also known as "Fixed Money" on this account accepted for a fixed period and can not be withdrawn before the fixed period. It fully depend upon the period.    

C)   Bank Overdraft :

                                 An old is and advance given by allowing the customer to withdrawn his current account up-to a certain limit. The Overdraft facility is allowed on only current account. The security for old account maybe personal share, Debenture, LIC Policy on Fixed Deposit.    
Calculation of Reconstruction of Investment.
      i) Loan Amount
     ii) Date of Loan taken
    iii) Date of /construction Completed
    iv) End of previous year of "C"
    v) Period of Loan (i - ii)
   vi) Rate of Interest.
  vii) i into v/12 into vi    i.e. (1/5 of vii)
                                        Total cost of construction of Building up Rs. 12,00,000/- For the Assesment year 2012-2013.