Which accounts are Fixed deposits and recurring deposits?


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Which accounts are Fixed deposits and recurring deposits?
asked Nov 28, 2012 in Business Questions by veshnavi Moderator (1,837,000 points)
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2 Answers

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Repayable after and agreed period
answered Nov 28, 2012 by veshnavi Moderator (1,837,000 points)
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In fixed deposit you deposit a
certain some for a definite
period. You can opt either for
periodical(monthly/quarterly/half
yearly or annually) returns or
simply opt to get the amount
with accumulated interest at the
end of the prescribed period.
In recurring deposit, you pay a
fixed amount at regular intervals
(say 100 PM for 12 months). You
will get back the amount with
accumulated interest at the end
of the prescribed period.
answered Jan 16, 2013 by jeet sagar Moderator (1,034,200 points)

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