ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -You can deposit cash by physically visiting a local branch of your bank. You can deposit funds into your bank account through ATMs as well. You can deposit funds into an online bank account via wire transfers or money orders. A deposit slip can help you transfer funds into your bank account via cash or cheque.

Detailed explanation-2: -A deposit generally refers to money held in a bank account. A deposit can also be the funds used as security or collateral for the delivery of goods or services.

Detailed explanation-3: -When you deposit cash at a bank or credit union, you typically need to use a deposit slip. That’s simply a slip of paper that tells the teller where to put the money. Write your name and account number on the deposit slip (deposit slips are usually available at the lobby or drive-through).

Detailed explanation-4: -Grammatically speaking, since the verb “to deposit” means to place something somewhere, and an account receives funds in it, we believe the proper preposition is “into”.

Detailed explanation-5: -Deposit cash at the bank. Make an electronic transfer. Make a wire transfer. Write a check. Use a cashier’s check. Use a money order. 7 best ways to send money. More items •11-Apr-2022