Question

Which of the following deposit does not include under CASA deposits?

• A. Savings Bank Deposit
• B. Current deposits
• C. Both Current & Savings Bank Deposits
• D. Short Period Fixed Deposit

Answer 1

Answer:

C. Both Current & Savings Bank Deposits

A current account savings account (CASA) is aimed at combining the features of savings and checking accounts to entice customers to keep their money in the bank. It pays very low or no interest on the current account and an above-average return on the savings portion.