A deposit is the act of placing cash (or cash equivalent) with some entity, most commonly with a financial institution, such as a bank. Free coins double u.

The deposit is a credit for the party (individual or organization) who placed it, and it may be taken back (withdrawn) in accordance with the terms agreed at time of deposit, transferred to some other party, or used for a purchase at a later date.

Deposits are usually the main source of funding for banks.[citation needed]



A deposit may take a number of forms, including:

Demand deposit[edit]

A demand deposit is a deposit which is deposited for regular withdrawal like saving bank account or current bank account etc.

  • Transactional account (checking account or current account, by country), the depositor has the right to use the money at any time, sometimes short notice periods are agreed. Also called call deposit or sight deposit.

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Time deposit[edit]

Deposits which are kept for any specific time period are called time deposit or often as term deposit.

  • Term deposit (or time deposit), bear a fixed time and fixed interest rate[1]
    • Fixed deposit in India [2]
    • Certificate of deposit in the U.S. and Canada
  • Overnight lending occurs usually from noon to noon, using a special rate to give as security or in part payment.

See also[edit]


  1. ^term deposit, Investopedia, accessed 2012-05-14.
  2. ^[1], Deposit your trust in Fixed Deposits,
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Related to deposit: deposit slip, dictionary, Term deposit

deposit (something) in(to) (something)

To insert something into a designated repository. Don't worry, I deposited the invitations into the mailbox on my way to work.Once I deposit my paycheck into my bank account, I'll be able to pay you back.

on deposit

In a bank account. You need to keep a good bit of money on deposit at the bank for just these kinds of emergency situations.
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.

deposit something in(to)something

to put something into something. Please deposit your chewing gum into the wastebasket.You should deposit your money in the bank.
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.
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