Q. What do you mean by Public deposits?
Public deposits are the fixed deposited by the business enterprises directly from the company. This source of the raising the short terms and the medium terms finance was the very popular in the in the banking facilities. in the past generally public deposited is accepted by the generally by the textile industries in Mumbai for the period of the six month to 1 year but now a day even long terms deposit for the 5-7 year are accepted by the business house.