Meaning
A Call Deposit is a flexible bank deposit offering quick access to your money while earning interest.Definition
It’s a short-term, interest-bearing account allowing immediate withdrawals without prior notice. It bridges the gap between a savings and a fixed deposit.Key Characteristics
* **On-Demand Access:** Funds available instantly. * **Interest Earning:** Earns interest, often better than standard savings. * **High Liquidity:** Great for managing immediate cash requirements.How It Works
Funds are deposited and can be withdrawn anytime, usually without penalties. Interest accrues daily. It suits those needing flexible access to funds with some returns.Author
