Banking Exam Question - What is Deposit, Types of Deposit and Deposit Management? Explain in Brief

Introduction - Deposit and Deposit Management

Deposit are one of the aspects of bank liabilities that management has been influencing through deliberate actions. Several factors that influence the deposit of a bank, the following factors play a key role in attracting deposit.

1. Interest Rates
2. Types of Costumers
3. Physical Facilities
4. Management accessibility to customers
5. Types and range of services offered