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

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Repayable on demand or after an agreed period as per bank’s choice.
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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