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in Business Questions by Moderator (1.8m points)
Which accounts are Fixed deposits and recurring deposits?

2 Answers

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by Moderator (1.8m points)
Repayable after and agreed period
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by Moderator (1m points)
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.

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