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

2 Answers

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

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