Question

In case of a deposit in a bank, ............... is the creditor.

Hint:

Remember: If you deposit money, you’re the creditor — the bank owes you.

Answer 1

When a customer deposits money in a bank, they are essentially giving their money to the bank to be held safely.
Legally, the bank becomes the debtor because it owes that amount back to the customer when demanded.
The depositor, or customer, holds the right to claim the money anytime within the agreed terms.
This makes the customer the creditor and the bank the debtor in this relationship.
This is a fundamental principle of banking: deposits are liabilities for the bank and assets for the customer.
Understanding this helps clarify how banks work and how depositors’ rights are protected.