describe different types of deposits
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There are only one type of deposit
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there are three types of deposits . fixed deposit -fixed rate of interest is paid at fixed regular intervals
re investment deposits -interest is compounded quarterly and paid on maturity ,along with the principal amount of deposit
reccuring depisits - fixed amount is deposit at regular intervals for fixed term and the repayment of principal and ammulated
interest is made at the end of interest
re investment deposits -interest is compounded quarterly and paid on maturity ,along with the principal amount of deposit
reccuring depisits - fixed amount is deposit at regular intervals for fixed term and the repayment of principal and ammulated
interest is made at the end of interest
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