An interest-bearing deposit that can be withdrawn by a depositor at any time is called a demand deposit account, with the most common type being a checking account. While checking accounts often have little or no interest, other demand deposit accounts, like some types of savings accounts or money market accounts, can be interest-bearing and allow for anytime withdrawal.
An interest bearing deposit which normally can be withdrawn by a depositor at any time is called __________
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This question is part of 📚 General Knowledge within the broader 🌐 Current Affairs & GK subject and appears in the PPSC Punjab Public Service Commission preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.