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Corporate Demand Deposit


a type of deposit placed by enterprises, nonprofit institutions, government organs, troops, social groups and other economic entities after opening a corporate settlement bank account. Without fixed deposit term, demand deposit can be transferred, deposited and withdrawn by corporate customers at any time, and the interest thereof will be calculated and paid as per the interest rate for demand deposit on the interest settlement date. 

Corporate demand deposit is subject to the account management. The current demand deposit bank account opened by a corporate customer to handle the payment, receipts and settlement of funds is also named as bank settlement account, which can be categorized into basic deposit account, general deposit account, special deposit account and temporary deposit account according to differentapplication purposes.