Q. 3 E3.7( 3 Votes )
Answer the follow
The Long term public deposits are the deposits that the public can buy from the issuing companies for a period of 6 months to not more than 60 months with interest rates for their capital from 8% to 10%. This helps the companies to raise funds for their operations immediately and ultimately profits the buyer as well with the interest they receive at the maturity.
The public who are willing to invest money in organizations can look for companies that are offering “public deposits” and make their deposits with choosing certain period as their maturity. The organization provides interest ranges from 8% to 10% to the deposited capital and also paybacks the entire capital at the time of maturity. This way, both organizations and the public are benefited. Usually, the organizations invest the money obtained from the deposits in their business to attain greater profit for their establishment and to repay the deposits.
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