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(Querist)
11 September 2011 What is meant by Total Time and Demand Liabilities in context to Cash Reserves in Banking regulation Act??
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CA Ankit Gulgulia (Jain)

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CA Ankit Gulgulia (Jain) (Expert)
11 September 2011 Banking Liability can be :

1) Time Liability - Whose crystallization depends on time like Fixed Deposit of Say 5 Yrs / 10 Yrs.


2) Demand Liability - Whose crystallization depends on demand of drawer like Savings / Current A/C

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