It include current deposits, demand liabilities portion of savings bank deposits, overdue deposits and cash certificates, outstanding telegraphic and mail transfers and margins against letter of credit/guarantees.
This term refers to checking account balances. On a bank's balance sheet, demand deposits are reported as current liabilities. To Top
Checking accounts in commercial banks. These banks are obliged to pay out funds when depositors write checks on those numbers. Checking accounts are not cash -- they are numbers recorded in banks.