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What is CASA Deposits

>> November 21, 2011

Do you know, what is casa deposits? If I give a little clue about this, you can surely tell this term. This term is relating to banking. It means Current and Saving Account Deposits. When any bank calculate the total amount of customers in banks, bank will add current account deposits in saving account deposits. This information can be found in the financial reports of banks by interested parties. For example, we can find PNB's CASA Deposits from its updated financial reports of June 2011. It is   CASA Deposit  Rs. 1,21,260 crore. CASA deposits  increased to  Rs. 1,21,260 crore in June’11 from  Rs. 1,04,385 crore in
June’10, recording a growth of 16.2%.

CASA Deposits Vs CASA Ratio

If you want to calculate ratio, you need to calculate CASA deposits. CASA ratio is relationship between CASA and total deposit in bank. All banks calculate CASA ratio for knowing any improvement in this ratio.

CASA Deposits Vs Fixed Deposits

In casa deposits, depositor will have right to withdraw money any time  without any fine but in fixed deposits, money will be deposited for specific period, it may be 1 year to 10 years.   

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