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What does CASA mean?

By IndianMoney , 9 months ago

CASA: A. CASA deposit is the amount of money that gets deposited in the Current and Savings Accounts of bank customers. B. The bank pays very low or no interest for deposits in current accounts whereas the deposits in Savings Accounts receives slightly higher interest rates. C. It is the cheapest and major source of funds for banks. These used for Home Loans, Personal Loans etc.

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