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in Business Questions by Moderator (946k points)
What is fixed deposit and recurring deposit?

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by Moderator (1.8m points)
Repayable on demand or after an agreed period as per bank’s choice.
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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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